WHAT IS THE DIFFERENCE BETWEEN ESTIMATED BALANCE SHEET &
PROJECTED BALANCE SHHET
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Answer Posted / sonu
A projected b/s is forecasted statement of total asset and liabilities of an organisation at particular date.
A estimate b/s is prepared on market values.
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The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
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