Equity share capital represents of the company. (a) Fixed capital (b) Fluctuating capital (c) Permanent capital (d) Working capital
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Answer: (c) Permanent capital
Explanation: Equity share capital is the capital raised by companies offering shares. It is known as permanent capital because there is no commitment to return the money during the time period of operation of the organisation. Also equity shareholders are refferred to as the owners of the company so are as a permanent asset for the company.
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