Which of the following is not true?
  • Factors receiver debt of clients
  • Retained earnings are internal source of capital
  • Lessee can use the asset for whole life
  •  Debentures are debt capital of company

C.

Lessee can use the asset for whole life
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 Public deposits are received from:
  • Debtors
  • Public in general
  • Post office
  • Banks

B.

Public in general
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Name the deposit which is directly accepted from public

Public deposit.
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Give meaning of business finance.


Business finance is that business activity which is concerned with the acquisition or conservation of capital funds in meeting the financial needs and overall objective of a business enterprise.
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 Name that type of finance which is required for a period upto one year.

Short-term finance.
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