What is difference between provisional and projected
balance sheet of the company??
- 2 Answers
- 68021 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 |
vat on liquor vat on food ? vat on bevrages ? vat on tobaco? vat on gold?
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.
What is vouching?
what should we do in case of a Partnership wen the Partners capital account has debit balance???
i want question papers audit staff selection examination
Expand---------PRSM
who is the auditor and his deautis
I am managing a partnership firm which has a turnover of 50 lakhs in its first year business i.e 2008-09 and in previous financial year 2009-10 it has only 27 lakhs turn over. Please let me know when we have to file our IT return. whether it is before 31st July 2010 or 30th September 2010.
Why does a systems auditor need to use professional judgement when selecting audit procedures?
I have received a sum of Rs.500 worth Bill from Vendor, which is relevent to 2004-05. But Outstanding Expenses not book during that Year? What is the Accounting Policies to book this expenses?
What is the meaning of ADVANCE TAX, TDS Deducted and PREPAID Taxes ?
what is a contra entry how it is passed in journal and cashbook?
Audit 
