14 July 2013
Dear Sir, One of my client has demised in July 2012, who was engaged in trading of ready made garments. After his death his son took his business in his hand. At the time of assessee's death about 7 lacs stock and 1.5 lacs cash was at shop. Now please advise me, while making balance sheet of assessee's son, I should take the total of closing stock and cash as opening balance of his son capital a/c.
CAclubindia
