fix asset

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12 Points Posted on 14 February 2019

sir I m proprietor person of firm so I can show my fix asset house in my business balance sheet

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Self Employed and Agriculture

1349 Points Posted on 14 February 2019

Normally to improve the balance sheet position we shown all assets in a single balance sheet

for the purpose of Business position we have to prepare Balance Sheet of all businesses

and for personal assets need to prepare Statement of Affairs

But you can show all assets in balance sheet even if you don't claim depreciation

Team Lead

7558 Points Posted on 14 February 2019

you can show it as an investment and not under fixed assets

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