Person having multiple business and professions. He purchased CAR, Mobile, TV, Laptop from Personal Bank A/C and His Name but asset is used for business purposes. So after taking profits from all business, can he prepare personal balance sh*ts and show assets and it's depreciation ?
Awating for guidance
Combined Balance sheet inclusive of all the assets, business and personal.
Abic and Mani Chartered Accountants
Kottayam
B.Com
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RMA And Associates LLP
New Delhi
CA Inter
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CCI
Pro
CAclubindia
