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 (159)
 Taxation interview questions  Taxation Interview Questions (1915)
 Accounting General interview questions  Accounting General Interview Questions (2842)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4375)
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 ?    267 Yes 21 No
H.r. Sreepada Bhagi
 

 
 
 
Other Audit Interview Questions
 
  Question Asked @ Answers
 
a can do how many company audits   2
what is the differences between document date and posting date and entry date   1
What is the Procedure for Audit the Educational Institutions? and what are the documents we have to verify?   2
plz tell me what is the rules of audit how we audit the a/cs book.   4
How Will U Verify in Salaries whether TDS is deducted or not? bscpl 5
NAME OF FOUR TYPES OF ERRORS? TATA 5
what is a contra entry how it is passed in journal and cashbook?   4
why you leave the present job ? DELL 3
SIR/FRIENDS ,I,M FROM COMMERCE STUDENT. I HAVE GOT 24 MARKS IN MATH (135 OUT OF 250 )IBPS CLERK CWE.IF INTERVIEWER ASKED ME U R BORDER OF PASSING MARKS IN UR MATH, THEN WHAT SHOULD I SAID TO INTERVIEWER? PLZ SUGGEST ME FOR PERFECT ANSWER.   2
Explain the exact meaning of debit note and credit note in the case of hospital business mainly in case of billing? Wipro 1
Whether the term loan which was long term as on Mar-11, but now it is short term due to its repayment within one year from the reporting period. Whether it should be classified as short term borrowings or other current liabilities as per Revised schedule VI.   2
Can we take credit of service tax in manufactruring companies & what is the procedure   4
 
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