Explain in brief the various types of business finance and their uses.
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Explanation:
Equity capital, preference capital, Debentures, term loans, retained earnings comes under long term finance. The main purpose of getting these kinds of finances is to carry out the business on an expansionary scale from which, greater economic benefits are expected to arise in future.
Answered by
1
Answer:
Equity capital, preference capital, Debentures, term loans, retained earnings comes under long term finance. The main purpose of getting these kinds of finances is to carry out the business on an expansionary scale from which, greater economic benefits are expected to arise in future.
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