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?
Menu
Personal assets and business assets how to differentiate in Balance sheet
Replies (5)
Quick Summary
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
Recent Topics :
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
Related Topics :
CAclubindia
