08 October 2017
Dear sir , Kindly provide me full detail that how to prepare Estimated and Projected Balance Sheet for the purpose of taking loan from the Bank.
08 October 2017
Projected Balance Sheet is the proposed financial plan for the year/s post the receipt of loan. So you have to prepare an anticipated asset & liability (i.e. Application of fund and Source of fund) statement to show the financial feasibility of the project. Projected B/S should accompany Manufacturing/Trading & Profit and Loss account also.Usually the Bank may ask for a Cash flow statement which shows cash-in-flow and cash-out flow in support of your projected B/S. Better get it prepared by a person who is well versed in accounting.
CAclubindia
