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Capital account

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 August 2018 I am a sole proprieotr.... my capital in the balance sheet is Rs 2,00,000/- i have an oustatnding housing loan of Rs 1,60,00,000/- my main issue is my bank wants the capital to be more bcz i have a CC account with the bank. how to show increase in capital for the year?? plz help
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
09 August 2018 housing loan is not required to be shown in business capital account.
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Querist : Anonymous

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Querist : Anonymous (Querist)
09 August 2018 if balance sheet for personal & business is the same??
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
09 August 2018 it should not be same. that is what my point is.

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