Financial planning starts with the preparation of: ?(a) Master Budget,(b) Cash Budget,(c) Balance Sheet, (d)None of the above.

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 

D

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

D. None of the above The Financial Planning Process consists of6 steps that will assist you in assessing and planning your current and future financial requirements and developing a Financial Plan to meet your specific needs. The purpose of the Financial Plan is to create the perfect strategy that will meet your goals.Step1 - Establish and Define a Professional RelationshipThe financial planner will clearly explain the services to be provided to you and define both his and your responsibilities. The planner should explain fully how he will be paid and by whom. You and the planner should agree on how long the professional relationship should last and on how decisions will be made.