Every business needs money to fulfill its financial requirements and also for growth. Business owners try to find money from various sources to fund their businesses. Required: Briefly explain the following sources of finance: (a) Hire Purchase (b) Factoring (c) Equity Share Capital (d) Preference Share Capital (e) Leasing (f) Debentures (g) Depreciation fund

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter1: Role Of Accounting In Society
Section: Chapter Questions
Problem 14MC: All of the following are sustainable methods businesses can use to raise capital (funding) except...
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Every business needs money to fulfill its financial requirements and also for growth. Business owners try to find money from various sources to fund their businesses.
Required:
Briefly explain the following sources of finance:
(a) Hire Purchase
(b) Factoring
(c) Equity Share Capital
(d) Preference Share Capital
(e) Leasing
(f) Debentures
(g) Depreciation fund

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