banner_ad

Personal assets and business assets how to differentiate in Balance sheet

Others 287 views 5 replies
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?
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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details