not at all @ divakar I told you na I was just telling you bcz bsheet is preparing for the first time.
and @ raja sir I agree wid @ divakar last statement
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What should be included in balance sheet of individual?
(no cash balance 👉
Introduction of capital)
No more connection of both points..
When we introduce capital...?
when we show the balances if it's cash or Cash equivalent...?
What is the difference between Cash and Bank as per your above said view...?
Introduction of capital)
No more connection of both points..
When we introduce capital...?
when we show the balances if it's cash or Cash equivalent...?
What is the difference between Cash and Bank as per your above said view...?
Thanx @ neha..i don't want ever that arguments become fight that's why i am always trying to avoid arguments with anyone... We r here for gaining knowledge and making friends and fighting with each other... And let down to anyone
Much difference between cash and bank account... When u hv no cash balance then introduction of capital done through loan account that may be bank loan, unsecured load from friends and family and relatives
Generally cash balance is unaccounted money... In that case u have to tell to the department source of finance... And bank balance is accounted money
right @ divakar
Thanx @ both of u... Jiska query tha wo h nahi... Aur ham sab baate kar rahe.. Kuch knowledge gain ho jata hai
But,
I'm not get reply as following questions.... 👇
(No more connection of both points..)
When we introduce capital...?
When we show the balances if it's cash or Cash equivalent...?
What is the difference between Cash and Bank as per your above said view...?
I'm not get reply as following questions.... 👇
(No more connection of both points..)
When we introduce capital...?
When we show the balances if it's cash or Cash equivalent...?
What is the difference between Cash and Bank as per your above said view...?
@ neha.. Plz reply query of raja sir... Introduction of capital at the time of starting of business... I am just saying that one can invest his cash balance or bank balance or both... During the year a lot of transaction happening... Earnings of profit is addition of capital etc
@ raja sir I think it query is very serious u should raise ur seperate query. thank you
@ Dear Neha Mittal.,
Okay dear I leave it.... But, The Query is
What are items include in BS and PandL...?
Also tds u/s 194J... and Main think The Assessee is a "CONTRACT EMPLOYEE"... Note he is Employee....
In this situation
how he introduce capital...?
Which condition he prepare BS*...?
In case the case (Assessee) ll be prepare BS and PandL required some datas. Otherwise no need BS... Only think can be preparing PandL. If we ll prepare BS then want to details of.,
Okay dear I leave it.... But, The Query is
What are items include in BS and PandL...?
Also tds u/s 194J... and Main think The Assessee is a "CONTRACT EMPLOYEE"... Note he is Employee....
In this situation
how he introduce capital...?
Which condition he prepare BS*...?
In case the case (Assessee) ll be prepare BS and PandL required some datas. Otherwise no need BS... Only think can be preparing PandL. If we ll prepare BS then want to details of.,
@ Raja sir... an employee can't do business??? Why he can't introduce capital?? Balance sheet doesn't need all data... What is available that is included in balance sheet... Capital... Liability... Fixed assets... Investment... Cash & Bank balance.. Debtors... Balance sheet prepared...
( @ raja) so sir I think yr first doubt should be if he is an employee then how TDS u/s 194j should be deducted it should be in sec 192..
and so clear that person is contact employee and thereby earns professional income and nominal amount of capital can be introduced. what was so big doubt over that
and so clear that person is contact employee and thereby earns professional income and nominal amount of capital can be introduced. what was so big doubt over that
Leave it... If he is also an employee then what is the problem in doing business... One of my client is doing salary and he is also running restaurant having turnover more than Rs. 2 crore... What is the problem in that
Ha ha ha ha 😇😇😇😊😊😊
Okay EXPERTS...! Enjoy Yourself...
GOOD LUCK....!!!
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