Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Planning

Question:
---------------- summarises all the projected sources of funds available to the new venture.
Options:
Proforma Balance sheet
Proforma Cash flow
Proforma income statement
Proforma financing decision
Correct Answer:
Proforma financing decision
Explanation:
Proforma financing decisions: This section summarizes all the projected sources of funds available to the venture to raise finance from. Typically, sources of funds are: i) owners i.e. Owner's funds ii) outsiders i.e. Borrowed funds.