Every enterprise, whether public or private, large or small, sole trading or partnership or company, for every business / enterprise finance is like blood for sustenance of life. A business organization cannot run efficiently if it does not have adequate finance to meet its requirements. Finance is required for two purposes.
For acquiring fixed assets – known as’ long term funds’ e.g. from shares, debentures etc.
For meeting the day-to-day requirements funds only for a short period and at a reasonable cost e.g. from banks, public deposits etc.
Participants