Balance sheet format for salaried individual

 

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

 

Replies (4)
Quick Summary
While a traditional balance sheet isn't standard for salaried individuals, it can be prepared for specific purposes like loan applications. This involves creating an income/expenditure account first, with any surplus transferred to a capital account. The final balance sheet will list all personal assets (cash, investments, jewellery) and liabilities.

Balance sheet is not applicable to salaried individual

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

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

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.

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