Which cash balance has to be mentioned in case of 44AD?
This query is : Resolved
24 February 2023
If I prepare a separate balance sheet for the Properetory firm and personal, which balance must I show in 44AD?
Proprietor Firm balances are mentioned below.
Cash 30000
Debtors 28000
Creditors 12000
Stock 7000
Personal balances are mentioned below.
Cash 16000
Debtors 0
Creditors 0
Stock 0
44AD case is applicable to business then should I show the Proprietory firm balances in 44AD?
Proprietor Firm balances are mentioned below.
Cash 30000
Debtors 28000
Creditors 12000
Stock 7000
Personal balances are mentioned below.
Cash 16000
Debtors 0
Creditors 0
Stock 0
44AD case is applicable to business then should I show the Proprietory firm balances in 44AD?
24 February 2023
Yes, show Proprietary firm balances in 44AD.
24 February 2023
It means that it is not necessary to make a personal balance sheet. Right?
24 February 2023
Yes you are right.....
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