Projected balance sheet

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Vishwas (Querist)
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08 October 2017 Dear sir ,
Kindly provide me full detail that how to prepare Estimated and Projected Balance Sheet for the purpose of taking loan from the Bank.

Radhakrishnan K.V.

Radhakrishnan K.V. (Expert)
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08 October 2017 Projected Balance Sheet is the proposed financial plan for the year/s post the receipt of loan. So you have to prepare an anticipated asset & liability (i.e. Application of fund and Source of fund) statement to show the financial feasibility of the project. Projected B/S should accompany Manufacturing/Trading & Profit and Loss account also.Usually the Bank may ask for a Cash flow statement which shows cash-in-flow and cash-out flow in support of your projected B/S. Better get it prepared by a person who is well versed in accounting.