What is difference between provisional and projected balance
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Answer Posted / sunil
I try to clarify these confusion
Provisional -prepared at the the end of accounting period or period which is over but before statutory audit.
Estimation-based on estimation for the period for which is running but not completed like estimation for 1 april 2015 to march 2016
Projection-period is not yet started and based on projection.Like 1 april 2016 to march 2017
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