Identify the correct statements in the context of financial planning.

(A) The objective of financial planning is to ensure that enough funds are available at the right time.

(B) Financial planning sees that firms do not raise funds unnecessarily from the market.

(C) Proper matching of funds requirements and their availability is sought to be achieved by financial planning.

(D) Financial planning includes both short-term and long-term planning.

Choose the correct answer from the options given below:

Option 1 -> States only (A), (B) and (D) are correct, excluding statement (C) about matching fund requirements with availability, which is a core principle of financial planning.

Option 2 -> States only (A), (B) and (C) are correct, excluding statement (D) about short-term and long-term planning, though financial planning clearly covers both time horizons.

Option 3 -> States all four statements (A), (B), (C) and (D) are correct, recognizing that financial planning ensures timely fund availability, prevents unnecessary fundraising, matches requirements with availability, and covers both planning horizons.

Option 4 -> States only (B), (C) and (D) are correct, excluding statement (A) about ensuring funds at the right time, which is a fundamental objective of financial planning.

Hence, Option 3: (A), (B), (C) and (D) -> All four statements accurately describe key aspects of financial planning: ensuring timely fund availability, avoiding unnecessary market fundraising, matching fund requirements with availability, and encompassing both short-term and long-term planning perspectives -> correct