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Objective Of Financial Planning


  1. To determine the amount of capital required by the business to fulfill to long, medium and short-term needs.

  2. To raise funds from various sources at minimum cost.

  3. To allocate funds to different departments considering the overall objectives of the business.

  4. To ensure optimum utilization of funds by investing them in various assets.

  5. To maintain sufficient cash in order to meet day to day expenses.

  6. To maintain adequate provisions for contingencies.

  7. To exercise effective control over the funds.

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