1. Financial Planning deals with: (a) Preparation of Financial Statements, (b)Planning for a Capital Issue, (c) Preparing Budgets, (d)All of the above.

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

3. Which of the following is not a part of Master Budget?

(a)Projected Balance Sheet,(b) Capital Expenditure Budget,(c)Operating Budgets, (d) Budget Manual.