What should be included in balance sheet of individual?

Efiling 1088 views 64 replies
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240 Points Joined July 2017
she is preparing for the first time bsheet of that individual so there will not be opening balance.
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On 30 November 2017 at 21:46 Report
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240 Points Joined July 2017
she is preparing for the first time bsheet of that individual so there will not be opening balance.
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On 30 November 2017 at 21:46
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240 Points Joined July 2017
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.
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On 30 November 2017 at 21:48
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11857 Points Joined May 2015
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...
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On 30 November 2017 at 21:57
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240 Points Joined July 2017
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
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On 30 November 2017 at 21:59
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11857 Points Joined May 2015
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...
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On 30 November 2017 at 22:02
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11857 Points Joined May 2015
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
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On 30 November 2017 at 22:04
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240 Points Joined July 2017
If the bsheet have already been prepared she will not asked this question in the first place.
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On 30 November 2017 at 22:04
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240 Points Joined July 2017
I have never get tempered @ divakar just telling you 😂😂😂
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On 30 November 2017 at 22:06
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11857 Points Joined May 2015
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??
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On 30 November 2017 at 22:11
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Student CA Final
11857 Points Joined May 2015
I am arguing with u.. That doesn't mean i am fighting with u... Arguments always give some knowledge... Bcz u listen both end
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On 30 November 2017 at 22:13
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11857 Points Joined May 2015
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
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On 30 November 2017 at 22:15
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128116 Points Joined January 2015
In case no cash balance...?
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On 30 November 2017 at 22:16
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240 Points Joined July 2017
@ divakar I think we shouldn't discuss this bcz we both don't know the actual scenario. 😂😂😂
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On 30 November 2017 at 22:16
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11857 Points Joined May 2015
@ Raja sir in case of no cash balance... Unsecured loan through friends relative... Introduction of capital
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On 30 November 2017 at 22:18
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@ neha...we r just argumening each other... And dil pe mt lena... Ye to bus arguments tha... And sorry
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On 30 November 2017 at 22:19


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