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First time balance sheet preparation

Shivam Agrawal

Can I show advance loan on assets side dummy. I want to create my file of good amt. As I have cash. Presently I am a student. Or suggest what can I show.

User Seeks Guidance on Including Advance Loan in Assets for First Balance Sheet Preparation A user inquired about preparing a balance sheet for the first time, specifically asking if an advance loan can be shown on the assets side to enhance their financial file, noting they are currently a student with cash on hand. The response from another participant indicated that the query was unclear, suggesting a need for further clarification. (AI Summary)
Income Tax
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