Projected & Estimated Balance Sheet
This query is : Resolved
03 June 2016
Dear Expert,
Can u please provide me with a performa to prepare Projected and Estimated Balance sheet. What are the things that need to be kept in mind while preparing the same
03 June 2016
for whom you want to prepare.... for company follow schedule III ... for firms and individuals follow general T shaped balance sheet formats
03 June 2016
better to take last year financials and add a new column for current financial year and fill details
03 June 2016
what things do we need to keep in mind while preparing projected balance sheet
03 June 2016
As most projected financials are based on assumptions, you must ensure that assumptions are reasonable or not. Sources of data should be scrutinized properly. Increase in turnover should match with COGS. Expenditure should also increase with the increase in sales. Taxation should remain constant.
03 June 2016
Assets:
Fixed assets: Increase and decrease should be done considering management's plan for expansions. Depreciation should also be charged in P&L appropriately.
Current Assets:
Debtors should be increased keeping in mind credit sales percentage.
Cash & bank will be balancing figure
03 June 2016
share capital:
To increased as per the management plan for infusion or else should remain constant
Loans:
Should be decreased over the period of time.Better to obtain loan agreements and use the actual value given in it.
Working Capital loan:
Consider that the company/firm will utilise it to the maximum limit sanctioned.
Creditors: Increase keeping in mind credit purchases.
Creditors for capital goods: Consider increase in fixed assets
Message likes :
1 times
05 June 2016
https://www.caclubindia.com/articles/basic-aspects-for-preparation-of-projected-financials-17807.asp
Message likes :
2 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
