What is difference between provisional and projected balance
Sheet
Answers were Sorted based on User's Feedback
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 |
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 |
WHAT ARE THE DIFFICULT ELEMENT OFF JOB
Tell me how can you explain the basic accounting equation?
What is the meaning of summarizing?
how to value stock?
how many types of errors are there
stock lost by fire of rs-230 and insurance company denied to give insurance claim,journal entry
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
purchased books rs.50000 and paper 25000
IS THERE ANY DIFFERENCE BETWEEN PAID UP CAPITAL AND PAID IN CAPITAL?
can any one send me tally professional version link
Do you know what is double-entry accounting? Explain with an example?
what is salary slab for tds