Dear sir/ Madam
An individual is having business, he also holds a house for residential purpose and he is not using it for business purposes.whether he has to show house in assets side?and he has to show home loan in liability side?if not where he should show his personal assets/loans?
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Personal assets and business assets how to differentiate in Balance sheet
Replies (5)
Personal balance sheet should be maintained separately from business balance sheet
As per my view it's not compulsory. So, no need to show the house in Your BS. Only can make as per Your business BS and PandL...
Thank you very much
You are most welcome dear
I agree with Ms roshni
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