English

Define business finance. - Commerce

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Question

Define business finance.

Definition
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Solution

Business finance means money or funds required and used by business firms. In the words of Ronald Burns, “financing is the process of organising the flow of funds so that a business can carry out its objectives in the most efficient manner and meet the obligations as they fall due.”

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Sources of Finance
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Chapter 10: Sources of Finance - EXERCISES [Page 170]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 10 Sources of Finance
EXERCISES | Q 1. | Page 170
C. B. Gupta Commerce Volume 2 [English] Class 12 ISC
Chapter 2 Capital - Fixed and Working
EXERCISES | Q 1. | Page 42
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