Question

It is not possible to go a head without financial plan. Give a reason? ​

Answer 1

Ans. True.

Reasons: (1) Finance is the life - blood of any business. Financial management is of utmost importance to the company which has multi crores of capital as investments.

(2) Financial plan is the first step of successful financial management. A good financial plan leads to proper budgeting of money inflow and outflow. It also serves the below said purposes.