20 November 2011
What is differences between Projected & Estimated. On which basis Estimated & Projected Balance sheet and Profit & Loss account are prepared?
21 November 2011
Estimated and Projected are interchangable terms. However, Estimated Financial Statements are prepared for continuing business based on past experience.
The Projected Financial Statements are prepared for forthcomming business/ enhancements. The base is taken begining from revenue part i.e. Sales.
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