Business Finance 💸and its sources
Business Finance and its sources It is well known that money[capital] is required to establish and run every business, trading and profession. Money[capital] is therefore called as life-saver of Business. The money that is needed for any business action is called Capital/Finance. Therefore, the fund required to meet business objectives and the methods of obtaining it, is called as Business Finance. Need and Importance:- In every business, majorly the fulfillment of following objectives, finance/capital is required: 1. Purchase of Fixed Assets:- In every type of business there are certain fixed assets such as Land and building, furniture, machines, etc. and in order to purchase them, large amount of money 💵 is required. 2. Payment of daily expenses:- After the establishment of business, money is also required for payment of daily activities such as purchase of raw materials, taxes and rent payment, telephone bills, electricity bills and wages. 3. Growth of Business:- The growth or dev
