Why is cash-flow planning important for an artisan family in handicrafts?

Question

Answer and explanation

Correct answer: Because expenses may come first and payment may arrive later

Cash-flow planning helps manage raw material and household expenses. Exam tip: write the difference between income timing and expense timing.

What is the correct answer to this question?

Because expenses may come first and payment may arrive later

Why is this the correct answer?

Cash-flow planning helps manage raw material and household expenses. Exam tip: write the difference between income timing and expense timing.

Which subject and chapter does this question cover?

This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Traditional occupations in India - Handicrafts.