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.
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Cc loan 5 lacs
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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.
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