Two proprietary firms

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 September 2012 dear expert
one of my client having two prop, firms, books and balance-sheets etc are made separately the problem is that how both balance sheets will be shown in return of individual as in individuals BALANCE SHEET only capital a/cs of both businesses are shown and not debtors. loans etc how return will be filed

Amol S Joglekar

Amol S Joglekar (Expert)
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18 September 2012 One return of the individual shall be filed. Make 2 profit & loss accounts and 1 balance sheet OR 2 profit & loss accounts, 2 balance sheets and 1 consolidated balance sheet. Choice is yours.

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