Projected Balance Sheet: A Balance Sheet for every business firm is a very important and crucial financial statement as it shows the total assets and liabilities of the business firm (Di Tella, 2017). It shows the financial position of the firm and its liquidity. Balance Sheet as on 31.December Alnount(CI-IF) Assets Fixed Assets Tangible Assets Racking & Special Safe 5700 Alarm System 5500 Drill and Jig machine 550 Intangible Assets Website Design Expense 8000 Market Research Expense 9000 Investments @ 4% pa 954986 Current Asset Security Deposit 2550 Debtors 62940 Pearl Inventory 26250 Total Assets 1075476 Liabilities Capital 900000 Add: Net Profit 125340 Current Liabilities Provision for income tax 50136 Total Liabilities 1075476