BS submitted by a proprietorship firm for availing a Working Capital loan from a bank contains proprietor's personal assets like gold jewellery. I want to know should we ask for BS pertaining to the firm separately for assessment of credit proposal?
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Financial statements of proprietorship firm
Replies (1)
Yes, that gives more clear picture of the business. Or ask to segregate into capital account of proprietor and P&L with BS of the business.
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