What is difference between provisional and projected
balance sheet of the company??
- 2 Answers
- 69795 Views
- Genpact, TCS, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
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 ? | 396 Yes | 31 No |
Answer / sagar gupta
there is no difference in provisional and projected balance sheet.
| Is This Answer Correct ? | 8 Yes | 115 No |
Explain the purpose of meeting in audit?
Define yourself
35 Answers Banking, College School Exams Tests, Eicher, INCDA, Infosys, Jet Airways, Lupin, Reliance, Safcon, TCS, Vertex, Volvo, Wipro,
Is tds deductible on discount given to customers who book the flats? Eg: If Im a construction company.
2 Answers Dinesh, Sidharth Construction and Trading,
WHAT IS DIFFERENCE BETWEEN TAX AUDIT AND STATUTORY AUDIT?
What is non statutory audit?
What is statutory audit?
What is your Strenth and waekness & why
1 Answers Aloha Technology, Deloitte,
Will it be fine if private Ltd Company do not follow depreciation rate as per The Companies Act,1956 & follow Depreciation Rates as per Income Tax. Also is it necessary to claim VAT Setoff on Asset Capitalised only after some percentage of retention.
purchase price of property purchased within last 3 years is to be relied upon not and not on revalued amount for the purpose of loan against properties.
Who can carry out a charity audit?
How do you manage risk ?
tell me in detail about deffered tax asset & deffered tax liability
Audit 
