WHAT IS THE DIFFERENCE BETWEEN ESTIMATED BALANCE SHEET &
PROJECTED BALANCE SHHET
Answer / sonu
A projected b/s is forecasted statement of total asset and liabilities of an organisation at particular date.
A estimate b/s is prepared on market values.
| Is This Answer Correct ? | 8 Yes | 0 No |
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In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/
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