Provisional,Estimated,Projected Balance Sheet
This query is : Resolved
10 June 2016
Dear sir,
what is the difference between provisional Estimated and projected balance sheet
10 June 2016
Provisional Balance Sheet is unaudited one.Like if our balancesheet as on 31.03.2016 is not finalized, still some bank or other institution demand balancesheet, we provide them a unaudited/provisional balancesheet..Provisional Balance Sheet is prepared on the basis of Past data i.e. for the period which is already completed.Estimated Balance Sheet is prepared for future Data (for which period is started but not completed) on basis of projection i.e. for the period which already started but not completed. Projected Balance Sheet: - Projected Balance Sheet is prepared for future Data on the basis of projection i.e. for which period is not started
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10 June 2016
estimated / projected....words are used synonymously
provisional......which is not yet finalised on account of say adjustment, audit etc.
provisional......which is not yet finalised on account of say adjustment, audit etc.
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