Which of the following funds can be classified under ownership basis? (a) Short term funds (b) Borrowed funds (c) Long-term funds (d) medium term funds
Answers
Answered by
0
Answer:
your answer is
(b) borrowed fund
Explanation:
I hope it help you
Answered by
0
The funds that can be classified under ownership basis are (b) Borrowed funds.
- Owner's funds mean funds that are procured by the owners of a business, which may be a sole entrepreneur or partners or shareholders of a business.
- It also includes profits that are reinvested in the business.
- The sources for raising borrowed funds include loans from commercial banks, loans from financial institutions, issues of debentures, public deposits and trade credit.
Similar questions