Sumit Agarwal (Article Assistant (CA-Final))   (393 Points)

22 March 2013  

Hello friends

Suppose, I am salaried employee and want to prepare my personal balance sheet for the first time.i am filing my ITR from last 4yrs, income is below exemption limit.my ques is that as i am preparing balance sheet for the first time,how to decide the opening capital since i dont have any record of the same.shall i presume it anything as per the estimation of household expenses.plz guide me i really dont have an idea about it,

thanks & Regards