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C) Balance sheet
Master Budget, Cash Budget, Profit and Loss, Balance Sheet, Cash Flow Statement
In some how, you can say Cash Budget. But Financial planning is started with preparation of Sales Budget first.
So Answer is None of the Above
Master Budget.
balancesheet
I think preparing financial planning have it's own process which includes many other things with balance sheet.
C is the correct
C- Balance sheet
first step in financial planning : Identify your current financial situation. collect all information about your sources of income, debts, assets, liabilities etc. You would have a clear idea of your current financial situation and you could then study it.
Answer option (d) >>>>>>>>>> None of the above