Question

30. Identify and explain the source of finance highlighted in the following cases
(4)
(a) It is permanent source of capital and it is not redeemed during the life of the company.
(b) It facilitates the purchase of goods and services without making immediate payment.
(c) This source involves ploughing back of profit.
(d) This source put a permanent obligation on the company to pay interest every year
irrespective of profits.​

Answer 1

Answer:

c

Explanation:

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