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Balance sheet for salaried

Atharv Sankliya (1323 Points)

31 December 2021

balance sheet for salaried person is same as business b/s ???

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Tanuj Chandra Saxenaa (Company Secretary) (7070 Points)
Replied 31 December 2021

No..totally different aspects

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Atharv Sankliya (1323 Points)
Replied 31 December 2021

Does it have drawing account??

Tanuj Chandra Saxenaa (Company Secretary) (7070 Points)
Replied 03 January 2022

Yes but in case of Business only drawing account and it will be deducted from the capital account of the propreitor

individual can drew his amount which will be his own personal cash outflow

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