Can anyone tell me that what is the Liability of the CA to sign the Provisional and Projected Balance Sheet.
should he sign ?
n!tE$h GarG (CA Final) (216 Points)
19 September 2010
Can anyone tell me that what is the Liability of the CA to sign the Provisional and Projected Balance Sheet.
should he sign ?
Jaspreet Singh
(Accountant)
(327 Points)
Replied 20 September 2010
As per my opinion,these Balance sheets r prepared for clients who have taken loan from bank or who want to take loan for starting a new project.It is as per bank rules to certify the projected and provisional balance sheets so that thay can rely upon them and according to these balance sheets,thay can give loan to the party and decide their drawing powers.
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