Which of the following statement best describes the Cash Flow Planning Process?

It is the process of marking the major future expenditures (both short-term and long-term) and making planned investments so that the required amount is accumulated within the required time frame.

It is the process of marking the major present expenditures and making planned investments so that the required amount may or may not be accumulated within the required time frame.

It is the process of marking the major future expenditures (only short-term) and making planned investments.

It is a budget for expenses and income.