Fundamentals of Finance plays a very important role in the present market driven world. Starting from the process of production to distribution, the entrepreneur as well as the company needs finance.
The business enterprises as well as firms need finance to meet all of their short term, medium term and long term needs.
The long-term financial need is generally to make investment on the fixed assets such as plants, machines and buildings.
The short term financial needs is generally for working capital management
The medium term financial needs generally for a period of 1 year to 5 years.
Long-term sources of finance:
Medium-term sources of finance:
Short term sources of finance:
Advances received from customers
Various short-term provisions
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