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Propertior's personal loan

This query is : Resolved 
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(Querist)
16 October 2019 Sir,
In proprietorship firm personal loan of propritor can show in balance sheet
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Zeal Bangdiwala

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Zeal Bangdiwala (Expert)
18 October 2019 Depends on how you prepare balance sheet. If you prepare only limited to business then no need to show personal loan. And if you prepare balance sheet considering personal transaction then you need to show personal loan.

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