Accountancy, asked by abhibhayana, 11 months ago

Distinguish between Owners Funds and Borrowed funds (6 Marks)

Answers

Answered by queency28

Answer:

Owners fund refers the funds invested by the company owners for its development. Examples include equity and preference share capitals and retained earnings. Borrowed fund refers to funds raised through borrowing and loans. ... These funds must be repaid with an interest rate.

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