Savings account in balance sheet

Hello there,

I have a sole proprietorship firm. I was not showing the savings account balances under the current assets in the balance sheet previously and was only showing the current account. I have been thinking to show savings account and their balances from next fy. Can I do that? Should I show the saving account or not? Any benefit of this approach? Please let me know. Thanks!

Replies (3)
yes you can show it . there's no benefit as such to the business.only thing is you can track the movement in your account
If your business transaction is occured through savings account then you need to show your savings account in balance sheet

Thank you for sharing this insightful and informative blog post. The information you provided was relevant and up-to-date. To delve deeper into this topic, <a target='_blank' rel='nofollow' href="https://sales.gromo.in/if/6oFU0gR4wKQKzigGHGQFD" target="_blank">click here</a>.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details