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What is difference between provisional and projected balance
Sheet

Question Posted / sumit gupta

Answers were Sorted based on User's Feedback



What is difference between provisional and projected balance Sheet..

Answer / stakshi sharma

AS PER MY OPINION IT MAY BE THE:
PROJECTED IS REQUIRED FOR TAKING LOAN OR OTHER FINANCIAL
SERVICES & WHOLE DATA IS PREDETERMINATION ABOUT FUTURE.
PROVISIONAL IS REQUIRED FOR FIRM ITSELF &IT'S ALSO A
PRIDICTION WHEREAS IT'S BASED ON PAST YEAR FIGURES

Is This Answer Correct ?    3 Yes 2 No

What is difference between provisional and projected balance Sheet..

Answer / 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

Is This Answer Correct ?    1 Yes 0 No

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