Assertion(A)- A financial plan describes the proposed venture's opted form of ownership.
Reason(R)- The entrepreneur should prepare a sound financial plan describing the sources of raising funds.
Reason(R)- The entrepreneur should prepare a sound financial plan describing the sources of raising funds.
Answer & explanation
Correct answer: option 4
A is incorrect, but R is correct.
Financial plan is a projection of key financial data about:
a) The potential investment commitment needed for the new venture, and
b) Economic feasibility of the enterprise
Financial plan is a projection of key financial data about:
a) The potential investment commitment needed for the new venture, and
b) Economic feasibility of the enterprise