GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Financial planning starts with the preparation of
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Cash budget
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Master budget
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Balance sheet
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None of the above
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Explanation:
Detailed explanation-1: -Planning in finance starts with a calculation of one’s current net worth and cash flow.
Detailed explanation-2: -The first step of the financial planning process is to Multiple Choice Create a financial action plan. Determine your current financial situation. Evaluate and revise the financial plan. Develop financial goals.
Detailed explanation-3: -Step 1: Evaluate Your Current Financial Situation. Step 2: Determine Your Risk Profile. Step 3: Set Financial Goals. Step 4: Have A Contingency. Step 5: Implement Your Financial Plan. Step 6: Review & Revise. In a Nutshell 14-Feb-2023
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