Two proprietary firms
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
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
(Expert)
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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