HOW TO MAKE BALANCE SHEET OF PROPRIETOR?
IF THERE ARE ANY OTHER INVESTMENT OF PROPRIETOR LIKE
FLAT,GOLD,SILVER THEN WHAT WILL BE THE CAPITAL OF PROPRITOR
IN HIS PERSONAL BALANCE SHEET? WILL THE CAPITAL OF HIS FIRM
WILL BE THE CAPITAL OF HIS PERSONAL BALANCE SHEET? FOR
EXAMPLE IN HIS FIRM CAPITAL A/C IS 39LAC.BUT IN HIS OTHER
INVESTENT(WHICH HAS NOT BEEN SHOWN IN HIS FIRM'S BALANCE
SHEET) HE HAS FLAT OF 310000, GOLD OF RS.15LAC AND SILVER
OF RS.3LAC THEN WHAT WOULD BE HIS PERSONAL BALANCE SHEET?
PLS ANSWER ME.
- 3 Answers
- 11414 Views
- Reliance, Vodafone, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ujjal
IN ACCOUNTING TERMINOLOGY ENTERPRISE AND ENTREPREUNER ARE
TWO DIFFERENT ENTITIES.AN ENTREPREUNER'S PERSONAL
BELONGINGS AND ASSETS WILL NOT FEATURE IN THE ENTERPRISE'S
BALANCE SHEET UNTIL AND UNLESS THEY ARE DEPLOYED FOR
BUSINESS PURPOSE.CAPITAL OF HIS OWN BUSINESS IS 39 LACS
UNLESS PROVIDED FOR
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / j.baburao
HIS PERSONAL BALANCE SHEET
HE HAS FLAT OF 310000, GOLD OF RS.15LAC AND SILVER
RS.3LAC THEN WHAT WOULD BE HIS PERSONAL BALANCE SHEET
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / manish kumar shah
the consolidated balance sheet of of the proprietor will be
made. no the capital of the firm will not be the capital of
the personal balance sheet the same will form part of
investment in the personal balance sheet. the total of
investment side will be 60.10 lacs in his personal balance
sheet . we will have to look to liabilities side differently
| Is This Answer Correct ? | 4 Yes | 5 No |
How to enter both TDS receivable & balance payment received in receipt voucher (Single voucher both should be covered) Please help me. I am totally confused.....
what are the procedure to deposit service tax?
Is octroi duty by nature a tax you can pass on to the customer in your billing? how is it different than VAT?
What is diff between Sales Tax
How do you plan to achieve these goals?
what is cost taxation
Can anyone tell me the limit of Professional fees on which service tax is to be charged?
Is Service Tax chargable by Real Estate devlopers to be charged on the entire cost of the property or only on the service conent of the cost and not on the cost of land and cost of construction material? Can the developers demand Service Tax on installments paid by the buyers before the real sale takes place?
Dear All , My TDS diducted in 2012-13, Rs.2400 2013-14 RS600 & 2014-15 1600 but i am not file any ITR till date please advise me can i claim that amt. for Income tax depart ment I am waiting you your rply
WHAT IS MEANING OF CENVAT CREDIT & CENVAT AVAIL
What is FBT? Is there any fixed rate of tax for all? or slab rate? pls give the detailed answer with examples. My e- mail ID: vijji_tv@yahoo.com
HOW MANY FORM IS USED VAT AND CST, GIVE THEIR DETAIL E.G WHICH FORM WHERE IS USED. THANKS IN ADVANCE
Audit 
