Simple Difference Between Provisional And Projected Balance Sheet
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Provisional Balance Sheet is the one prepared as at the end an accounting period as per the books of accounts before statutory audit.
Difference between provisional and projected balance sheet. Provisional balance sheets have. - Provisional Balance Sheet is prepared on the basis of Past data ie. An estimated balance sheet is used by companies to show projected growth for.
Provisional also means that something serves a purpose for the time being. For the period which is already completed. It is widely used in the field of finance where businesses wish to avail loans from the banks or NBFCs.
Lewis-H Answered question May 13 2020. First of all be aware that there is a difference between Provisional balance sheet and Projected balance sheet. Where as the a Projected Balance sheet is a Balance Sheet.
Provisional financial statements are based on the historical data. Provisional Balance Sheet is prepared on the basis of Past data ie. Difference between Provisional Estimated and Projected Balance Sheet.
In other words its an un-audited Balance Sheet which may be subject to change during the course of statutory audit. For the period which is already completed. For the period which is already completed.
Difference between Provisional Estimated Projected Balance Sheet How to Prepare Projected BS. Projected Balance Sheet Projected Balance Sheet is prepared for future Data on the basis of projection ie. Provisional Balance Sheet is prepared on the basis of Past data ie.
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