Provisional,Estimated,Projected Balance Sheet

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Provisional balance sheet is unaudited and based on past data not finalized. Estimated is for ongoing period based on assumptions. Projected is for future periods not yet started. Estimated and projected are often used interchangeably.

C.A. Pulkit Garg

C.A. Pulkit Garg (Querist)
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10 June 2016 Dear sir, what is the difference between provisional Estimated and projected balance sheet

Rachit Nagpal

Rachit Nagpal (Expert)
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10 June 2016 Provisional Balance Sheet is unaudited one.Like if our balancesheet as on 31.03.2016 is not finalized, still some bank or other institution demand balancesheet, we provide them a unaudited/provisional balancesheet..Provisional Balance Sheet is prepared on the basis of Past data i.e. for the period which is already completed.Estimated Balance Sheet is prepared for future Data (for which period is started but not completed) on basis of projection i.e. for the period which already started but not completed. Projected Balance Sheet: - Projected Balance Sheet is prepared for future Data on the basis of projection i.e. for which period is not started

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Amol S Joglekar

Amol S Joglekar (Expert)
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10 June 2016 estimated / projected....words are used synonymously
provisional......which is not yet finalised on account of say adjustment, audit etc.

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