Menu
What should be included in balance sheet of individual?
she is preparing for the first time bsheet of that individual so there will not be opening balance.
Professional income will be direct income and related expenses and other intt income should be part of p&l
as first time preparing bsheet then introduce capital through cash and other assets and liabilities as per bank statement.
as first time preparing bsheet then introduce capital through cash and other assets and liabilities as per bank statement.
Why introduction of capital only through cash... It may be through bank ac also... And she is preparing first time balance sheet then also closing capital is reported... An assesse can make various transaction through out the year... Introduction of capital is opening capital... Then addition of capital and withdrawal of capital.. Drawings ac... Capital account should be prepared just lika cash and bank account...
yr hadh ho gyi hai.. back date me Jake 2014-15 me bank me entry kaise ho Sakti h.. bank statement me ni hai kuch bi capital introduction to cash se hi hoga na
Haha why r u getting tamper itne me hi... Bank account pahle se nahi honge kya.. Logo ke pas savings nahi rahte kya.... Business kaise start hoga... Khair leave it.. I already ignore... But then asked by raja sir thats why i reply...
Aur capital introduction kind me v hota hai... Not only in cash... If someone bring fixed assets in the busienss then that is also his capital... And don't get tamper in just a while... Sorry for the reply
If the bsheet have already been prepared she will not asked this question in the first place.
I have never get tempered @ divakar just telling you 😂😂😂
Hahha.. Thats great if u r not getting tamper... And i am sorry of any thing said wrong... But just understand capital introduced in the beginning of year and the whole year u make a lot of transaction... Then u hav to prepare capital account na??
I am arguing with u.. That doesn't mean i am fighting with u... Arguments always give some knowledge... Bcz u listen both end
Phr to wo sab sare adjustment hote h... Jo man ho kare.. Jo practicality hota hai... If client has not any bank balance then only option left cash... I am not denying that... I am just telling proper method
In case no cash balance...?
@ divakar I think we shouldn't discuss this bcz we both don't know the actual scenario. 😂😂😂
@ Raja sir in case of no cash balance... Unsecured loan through friends relative... Introduction of capital
@ neha...we r just argumening each other... And dil pe mt lena... Ye to bus arguments tha... And sorry
Recent Topic
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
- GST Payment through DRC-03 by cash against notice
- Schedule EI for ITR1
- INCOME TAX DEPARTMENT: DOUBLE STANDARDS
- ITR-4,under presumptive Taxation
- TDS data mismatch with SFT
- Resale of under construction Residential Flat part
Related Topics
CAclubindia
