Difference between source of funds and application of funds
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APPlicatiOn Of fUnDS
Application of funds is the term used in the context offunds flow statement , in simple words application of funds refers to use of cash or funds by the company during a financial year on various activities of the company.....
sOurCe Of fUnDS
Funding is the act of providing financial resources , usually in the form of money , or other values such as effort or time , to finance a need , program , and project , usually by an organization or company.... Sources of funding include credit , venture capital , donations , grants , savings , subsidies , and taxes.....
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