I am working in as an accounts executive in a software company. Actually I need to know that how We make a projected P/L as well Balance Sheet. Kindly give me some guideline regarding financial so that I may do the same. I will be grateful to you.
09 February 2010
Projected Balance sheet & P/L should be made on the same principles as the actual B/s & P/L of the last year. Previous figures and trends (may be of last 5 years)can be taken as base for the projected figures. Also, if any special transactions occured during the year (eg. any asset purchased, major order recd which leads to increase in sales or any major loss occured during the year)should be considered and the projected amount should be adjusted with the same.
CAclubindia
