Question

explain the classification of financial needs of a business​

Answer 1

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The money related necessities of a business can be classified as follows: Fixed Capital Requirement: In order to begin a business, money is required to buy fixed assets like land, building, plant and machinery. ... Working Capital Requirement: A business needs funds for its day to day activities.

Answer 2

Answer:

The money related necessities of a business can be classified as follows: Fixed Capital Requirement: In order to begin a business, money is required to buy fixed assets like land, building, plant and machinery