How can you classify sources of funds on the basis of ownership?
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Ownership Basis. On the basis of ownership, the sources can be classified into 'owner's funds' and 'borrowed funds'. Owner's funds means funds that are provided by the owners of an enterprise, which may be a sole trader or partners or shareholders of a company.
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On the basis of ownership, the sourcescan be classified into 'owner's funds' and 'borrowed funds'. Owner's fundsmeans funds that are provided by the owners of an enterprise, which may be a sole trader or partners or shareholders of a company.
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