A pro forma balance sheet:
a.Measures the company’s sales and expenses during a specified period of time — usually a month or a year.
b.Is the most important document you will compile in assessing the financial feasibility of your business idea and also enables you to control the financial affairs of your business.
c.Tells you the value of your business at any point by forecasting what your business will own (assets) and what it will owe to other people, companies, and financial institutions (liabilities) to determine its equity or net worth.
d.Traces the expected flow of funds into and out of his business over some period of time.