Propertior's personal loan
This query is : Resolved
16 October 2019
Sir,
In proprietorship firm personal loan of propritor can show in balance sheet
In proprietorship firm personal loan of propritor can show in balance sheet
18 October 2019
Depends on how you prepare balance sheet. If you prepare only limited to business then no need to show personal loan. And if you prepare balance sheet considering personal transaction then you need to show personal loan.
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