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Projected balancesheet for od facility(for propreitership)

bharath (ss) (85 Points)

22 January 2014

Dear Sir,

I Accountant in One propreitorship Firm, , We are Wholesale dealing the business of Food Products, Sweets&etc. we started Business from April 2013. now Our turnover is morethan 25 to 30 lacs(We paid vat around 125000 . But he needed projected Balancesheet for Bank overdraft facility . for expansion of new branch .hence please send me one format of projected balancesheet with Actuals & projected for 4 years ( OD needed 7 Lacs)

Therefore i request to kindly Shares File of Projected P/L balancesheet for Trader and Project Report as perBank Request

Thanks,

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4 Replies

Shreekumar Sethi (Accountant) (48 Points)
Replied 22 January 2014

Hello Bharath,

You can get projected balance sheet from a Chartered Accountant.

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CA Shruti Gupta (CMA FINAL CS Final) (1434 Points)
Replied 22 January 2014

Originally posted by : bharath
	Dear Sir, I Accountant in One propreitorship Firm, , We are Wholesale dealing the business of Food Products, Sweets&etc. we started Business from April 2013. now Our turnover is morethan 25 to 30 lacs(We paid vat around 125000 . But he needed projected Balancesheet for Bank overdraft facility . for expansion of new branch .hence please send me one format of projected balancesheet with Actuals & projected for 4 years ( OD needed 7 Lacs) Therefore i request to kindly Shares File of Projected P/L balancesheet for Trader and Project Report as perBank Request Thanks,

Dear

projected Balancesheet will basically be based on your actual balance sheet os last year.

in your case this is your first year , for this at least your present details of your fixed Assest , current Assets liab..till date is required ...

so its better to consult a CA

SAPNA CHOUHAN (M.Com) (21 Points)
Replied 10 July 2015

Dear Sir/Mam,

I Accountant in One Partnership Firm, , We are Wholesale dealing the business of Readymade Clothes . Our turnover is morethan 3 crore We needed projected Balancesheet for Bank overdraft facility . for expansion of new branch .hence please send me one format of projected balancesheet with Actuals & projected for 3 Years.Therefore i request to kindly Shares File of Projected P/L balancesheet for Partnership Firmr and Project Report as perBank Request Thanks,

Umang Makwana (ACCOUNTANT) (6 Points)
Replied 31 January 2018

Dear Client ,

For the OD Renewal or enhance the limit of the OD bank required a Projected balance sheet and last year actual balance sheet, if you want to prepare the projected balansheet you have to prove that to bank in future mu business transcation or turnover of business or expenses , debtors of business. you have to show in projected balancesheet