Projected and estimated b/s

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Sir, What is the difference between projected balance sheet and estimated balance sheet for taking loan from bank for running business? Can anyone clarify this.
Replies (4)

PROJECTED FOR RUNNING YEAR FOR WHICH NEITHER AUDIT HAS DONE NOR RETURN HAS FILLED. ESTIMATED FOR COMMING YEAR. PROJECTED CAN BE DONE ONLY FOR ONE YEAR WHEREAS ESTIMATED CAN BE DONE AS MANY AS YOU REQUIRE. PROJECTED BASED ON RECODED DATA WHEREAS ESTIMATED TOTALLY EVALUATE.

In banking parlance i will tell yiu

This is financial year 2016-17

Estimated balance sgeet-balance sheet as on 31/03/2017

Projected balance sheet- balance sheet as on 31/03/2018

This projected balance sheet figure is considered for sanctioning loan under

Projected Turn Over method

Hope it is clear

Thank you

Sir, When the projected p&l balance sheet prepare some formula and points must be important. for example sales must be shown 5 times of net profit so an so. Pls give me this important points for making projected p&l and balance sheet.

As per prijected turn over method limit is fixed for 20% of the projected turn over

This is applicable for working capital 

For term loan you have to prepare project upto the final repayment of loan tgat is for the entire tenure of loan

I hope it is clear


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