A person running a retail store applied for loan account(cc loan) in a bank.if bank asked next 3years finicial statement(projected balance sheet)
Question:
how to prepare procedure projected balance sheet for cc loan purposes.
You can prepare based on next 3 years projection of Revenue and expenses. Just follow the few steps. 1. Prepare sales projections,
2. Prepare Expense Projrction, 3. Prepare Capex and calculate Depreciation including existing capex, 4. Prepare cash flow projections based on opening, revenue, loans, expenses, closing balance, prepare PL add borrowing interests too, 5. Prepare balance sheet
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