ALLInterview.com :: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Google
   
 
Categories >> Accounting >> Audit
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1903)
 Accounting General interview questions  Accounting General Interview Questions (2826)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4368)
Question
What is difference between provisional and projected 
balance sheet of the company??
 Question Submitted By :: Audit
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Provisional Balance Sheet is the one prepared as at the end
an accounting period as per the books of accounts before
statutory audit. In other words it's an un-audited Balance
Sheet, which may be subject to change during the course of
statutory audit.
Where as the a Projected Balance sheet, is a Balance Sheet
as at the end of a future accounting period, which is
prepared to present the Financial position as per the
present plans. Generally projected Accounts Statements are
prepared for 3, 5, 7 or longer future years to present to
banks, financial institutions, venture capitalists or any
one who is a potential investor in or a lender to the company.
Here Financial Statemetns means Profit & loss Account &
balance Sheet. it may also include Cash-Flow Statements,
Funds-Flow Statements, Explanatory Notes, Assumptions, etc.
 
Is This Answer Correct ?    264 Yes 19 No
H.r. Sreepada Bhagi
 

 
 
 
Other Audit Interview Questions
 
  Question Asked @ Answers
 
What is the difference between compliance testing and substantive testing?   3
Classify the following accounts into Personal Account, Real Account & Nominal Account. Questions Answers 1. Furniture Account 2. Salaries Account 3. Outstanding Wages Account 4. National Trading Co. Ltd’s Account 5. Stationery Account 6. Prepaid Insurance Account 7. Capital Account 8. Interest Account 9. Building Account 10. Purchase Account 11. Cash Account 12. Bank Account 13. Sales Account 14. Commission received in Advance Account 15. Discount Account 16. Drawing Account 17. Loan Account 18. Mysore Store’s Account 19. Repairs to Machinery Account 20. Stock Account 21. Investment Account 22. Loose Tools Account 23. Bangalore Sports Club’s Account 24. Loss of Goods by Fire Account 25. Motor Vans Account 26. International Trader’s Account 27. Goodwill Account 28. Depreciation Account 29. Bad Debts Account 30. Bad Debts Recovered Account 31. Bank Overdraft Account 32. Book Debts Account 33. Purchases Returns Account 34. Sales Returns Account 35. Postage Account 36. Charity Account 37. Carriage Account 38. Rent Account 39. National College’s Account 40. Bills receivable Account 41. Bills Payable Account Bisleri 6
plz tell me what is the rules of audit how we audit the a/cs book.   4
HOW TO ADJUST THE STOCK IN TALLY   1
what is the difference between cash discount and trade discount. what is the journal entry for purchase of 100000 giving (a) 5% trade discount (b) 5% cash discount. TCS 19
What is the Procedure for Audit the Educational Institutions? and what are the documents we have to verify?   2
what is the accounting cycle   1
Who can carry out a charity audit?   2
What is a voucher????   8
What is the most important part of your job ? Ernst-Young 1
How i do ledger scrutiny(give the examples of rent share capital etc.) spykar 4
what are the cost audit and management audit?   2
 
For more Audit Interview Questions Click Here 
 
 
 
 
 


   
Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
   
Copyright © 2013  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  KalAajKal.com