Hey All,
1. I want to know that whether the personal assets (like Car,Gold,Land,House) of a propritor of a business are also shown in his balance sheet.
2. I am Prepareing a B/S of an individual businessman who has no registration under any taxes except PAN card. I want to file his return under ITR-4.
3. If i propritor has a business for last 25 years now he want to prepare his b/s from this year, so how can he introduce capital, is he include his own house and other personal asstes in that B/s.
Please reply by giving ans. in 1, 2, 3, manner.
Waiting for valuable Replies
Thanks
CAclubindia
