Question

equity capital is a permanent source of capital. explain

Answer 1

Answer:

Equity share capital is known as a permanent source of finance as there is no fixed commitment to return the money during the lifetime of company. It is to be repaid only at the time of liquidation of a company.

Explanation:

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Answer 2

Answer:

Equity share capital is known as a permanent source of finance as there is no fixed commitment to return the money during the lifetime of company. It is to be repaid only at the time of liquidation of a company.

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