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Atul and Vijay had co-founded the Startup Dum Duma Dum to sell the Packaged Mughlai food items. During the year they asked  Adir to invest in their business. before joining Adir wanted to know the financial status of the business  So he asked about the sources of capital of the venture. Which of the following Element of the Business plan will be provided Adir the required information?
  • a)
    Business Venture
  • b)
    Marketing Plan
  • c)
    Organised plan
  • d)
    Financial Plan
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Atul and Vijay had co-founded the Startup Dum Duma Dum to sell the Pac...
Financial Plan
- The financial plan is an essential element of a business plan that provides detailed information about the sources of capital for the venture.
- It includes information about the initial investment required to start the business and the projected financial statements such as income statement, balance sheet, and cash flow statement.
- The financial plan outlines the funds needed to purchase equipment, lease or buy a location, hire employees, and cover other startup costs.
- It also includes information about the sources of capital, such as personal savings, loans, investments from partners or investors, and any grants or subsidies.
- Adir can review the financial plan to assess the financial health of the business and make an informed decision about investing in the venture.
- The financial plan provides transparency and accountability regarding the financial aspects of the business and helps investors understand the potential return on investment.
Therefore, the financial plan will provide Adir the required information about the sources of capital for the venture.
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Atul and Vijay had co-founded the Startup Dum Duma Dum to sell the Packaged Mughlai food items. During the year they asked Adir to invest in their business. before joining Adir wanted to know the financial status of the business So he asked about the sources of capital of the venture. Which of the following Element of the Business plan will be provided Adir the required information?a)Business Ventureb)Marketing Planc)Organised pland)Financial PlanCorrect answer is option 'D'. Can you explain this answer?
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Atul and Vijay had co-founded the Startup Dum Duma Dum to sell the Packaged Mughlai food items. During the year they asked Adir to invest in their business. before joining Adir wanted to know the financial status of the business So he asked about the sources of capital of the venture. Which of the following Element of the Business plan will be provided Adir the required information?a)Business Ventureb)Marketing Planc)Organised pland)Financial PlanCorrect answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Atul and Vijay had co-founded the Startup Dum Duma Dum to sell the Packaged Mughlai food items. During the year they asked Adir to invest in their business. before joining Adir wanted to know the financial status of the business So he asked about the sources of capital of the venture. Which of the following Element of the Business plan will be provided Adir the required information?a)Business Ventureb)Marketing Planc)Organised pland)Financial PlanCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Atul and Vijay had co-founded the Startup Dum Duma Dum to sell the Packaged Mughlai food items. During the year they asked Adir to invest in their business. before joining Adir wanted to know the financial status of the business So he asked about the sources of capital of the venture. Which of the following Element of the Business plan will be provided Adir the required information?a)Business Ventureb)Marketing Planc)Organised pland)Financial PlanCorrect answer is option 'D'. Can you explain this answer?.
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