A person maintained a bakery shop since last 4 years.a person Rs:5 lacs cc loan required from bank.
Question:
how to prepare provisional estimated and projected profit and loss and balance sheet procedure
how much sales turnover and go and np declare estimated and provisional and projected years.
Menu
Cc loan 5 lacs
Replies (2)
Quick Summary
Approach directly to professional
1) Usually, banks do lend to businesses which has potential to grow. 2) Idea in general is to show an increasing trend w.r.t. turnover and profit 3) Prepare estimation for the current FY awa projections for future years, based on previous year figures.
Recent Topics :
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
- TDS on rent paid to RNOR Landlord. Can RNOR US tax
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
- Advance Tax Due Date 2026
Related Topics :
CAclubindia
