Difference between projected balance sheet and provisional balance sheet
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Niharika
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Projected balance sheet made for future prediction purpose while Provisional Balance Sheet is prepared for some immediate purpose
Projected balance sheet is prepared with estimated figures
where as provisional balancesheet is prepared with actaul figures but for limited purpose only.
In projected Balance Sheet all futures shows are estimated values on the base of future business where as provisional balance sheet are based on real values which is arise or to be arised but not accounted.
Provisional Balance sheet:
it is same as your provisional marksheet or certificate. this is the balance sheet which is prepared at executive level 99% chances is that it is correct. but need final finishing so that when director sign at final balance sheet it is error free.
Projected balance sheet
everyone know as the name suggest projected by taking acutal data forecasting for the future.
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