Personal assets show in individual business balance sheet

A/c entries 614 views 4 replies

ANY INDIVIDUAL PERSONAL CAN SHOW HIS PERSONAL ASSETS LIKE JEWELLERY, FD, LIC PREMIUME, HOUSE AND PLOT ETC IN HIS PROPERITOR BUSINESS FINAL ACCOUNT BALANCE SHEET ?

 

Replies (4)
No sir, you should make different balance sheet for properitor business nd for personal

BUT ITR FILE ONLY ONE FOR BUSINESS

AND HOW TO FILE PERSONAL BALANCE SHEET RETURN IN INCOME TAX.

You need to consider only 1 B/s i.e. 1 which is prepared for Business 

You need to consider only 1 B/s i.e. 1 which is prepared for Business 


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