COST ACCOUNTING
FINANCIAL TERMINOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A plan presenting financial forecasts for the business
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Loan Proposal
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Financial Plan
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Business Loan Plan
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Investor Plan
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Explanation:
Detailed explanation-1: -A business plan is one of the key building blocks of any new company. One of its main components should be financial projections for your first two years. These projections are forecasts of your cash inflows and outlays, income and balance sheet.
Detailed explanation-2: -A financial plan is a strategic approach to finances that marks out a road-map to follow into the future. A financial forecast is an estimate of future outcomes arrived at using one of several methods, including statistical models to make projections.
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