If a sole proprietor is a manufacturer and builds a shed to expand it's manufacturing line by taking a loan from bank how is accounting for it done and what will be the impact on p&l and balance sheet and taxation effect of it. Please help.
Sachin Agarwal (1 Points)
17 November 2020If a sole proprietor is a manufacturer and builds a shed to expand it's manufacturing line by taking a loan from bank how is accounting for it done and what will be the impact on p&l and balance sheet and taxation effect of it. Please help.
Abhishek Selvam O
(374 Points)
Replied 17 November 2020
CAclubindia
