25. Your brother has completed his education, now he wants to start a business of his own. He discussed the matter with his father regarding the arrangement of funds. Your father suggested
him to first pen down the requirement of funds i.e. funds needed for initial investment, for purchasing land and building, plant and equipment, etc., and for the purpose of running day to
day operations i.e., rent, wages and salaries, taxes, etc.
(a) What are the two different categories of financial needs identified by your brother?
(b) Explain the requirements identified above.
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day operations i.e., rent, wages and salaries, taxes, etc.
(a) What are the two different categories of financial needs identified by your brother?
(b) Explain the requirements identified above.
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