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Provisional balance sheet for bank loan
what are the basic data require for preparing provisional balance sheet and which points should be followed while preparation of provisional balance sheet. How to calculate the bank overdraft limit and formalities for getting bank loan based on provisional balance sheet and other details provide for me
Replies (3)
Provisional balancesheet is prepared when year is not ended and u need to apply for a loan or for other reasons. It's similar with normal one with some projected growth in business. Normally your sales for a quarter is bank overdraft limit.
Which points should be followed for preparing the provisional balance sheet for easily getting the bank loan?
Please elaborate with example mam
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