Identify the source of finance highlighted in the following cases:a) It is a permanent source of capital and is not redeemed during the life of the company.b) It facilitates the purchase of goods and services without making immediate payment.c) In case of winding up of the company, the capital is refunded after payment of debentures but before payment of equity shareholders. d) This source put a permanent obligation on the company to pay interest every year irrespective of profits.e) Their holders enjoy right to vote and right to receive dividend.f) This source is also known as ploughing back of profit
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Answer:
Identify the source of finance highlighted in the following cases. (a) It is permanent source of capital and is not redeemed during the life of the company. (b) It facilitates the purchase of goods and services without making immediate payment. (c ) In case of winding up of the company, the capital is refunded after payment of debentures but before payment of equity shares. (d) This source put a permanent obligation on the company to pay interest every year irrrespective of profits. (e) Their holders enjoy right to vote and control the company. (f) This source involve ploughing back of profit.
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Identify the source of finance highlighted in the following cases:a) It is a permanent source of capital and is not redeemed during the life of the company.b) It facilitates the purchase of goods and services without making immediate payment.c) In case of winding up of the company, the capital is refunded after payment of debentures but before payment of equity shareholders. d) This source put a permanent obligation on the company to pay interest every year irrespective of profits.e) Their holders enjoy right to vote and right to receive dividend.f) This source is also known as ploughing back of profit
ANS
(a) Equity Share.
(b) Trade Credit.
(c ) Preference Share.
(d) Debentures.
(e) Equity Share.
(f) Retained Earning.
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