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
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
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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Question
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)
(e) Leasing
(f) Debentures
(g) Depreciation fund
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