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Balance sheet format for salaried individual

Dheeraj yadav (Chartered Accountant) (48 Points)

26 February 2020

can any one have Balance sheet format for salaried individual??

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4 Replies

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 26 February 2020

Balance sheet is not applicable to salaried individual

1 Like

Dheeraj yadav (Chartered Accountant) (48 Points)
Replied 26 February 2020

That I know...but in case of loan process one of my client required balance sheet..and he is a salaried employee

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 26 February 2020

Then talk to the bank officials.

Loan process they ask either payslips or form 16 or ITR and bank statement if salary account is in another bank

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sunil jain (sr. manager) (26 Points)
Replied 11 August 2023

Any individual can have the income/expenditure account irrespective of fact i.e. salaried or businessman or professional. From the income/expendure account, the excess of income over expenditure will transfer to capital account and then to balance sheet of individual. The balance sheet will contain the details of all assets and liabilities which should include cash, bank balances, gold and other jewellery, all type of investments and othe liability side all type of liability will be shown.