Lila (Job) 04 August 2020
Person A is a salaried individual. But due to options trading, he needs to get his accounts audited. Now while preparing his P/ L and B/S,
a) should one only consider the transactions related to option trading?
b) if he has given loans from his salaried income, should those loans be compulsorily shown in his business balance sheet
c) He has personal assets also accumulated over years. Can we just keep them aside or should make part of the balance sheet.
This is 1st year, when we need to make this Balance sheet. Please give ur views...