15 March 2013
Provisional Financial Statements are prepared for periods already over.
For e.g, a company may prepare provisional financial statements for period April-12 to December-12 on 31st December 2012.
Projected financial statements are prepared for future periods. Say For 2013-14. Projected FInancial staements are made on assumptions of sales growth, cost inflation etc.
17 February 2014
Provisional Balance Sheet is prepared for the period which is over.But for eg: if a balance sheet is prepared for the period Aril'13- March'14 then it will be Provisional Balance sheet as Feb'14 and Mar'14 figures are estimates based on the past.