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What is the Importance of Finance to a Business Concern?

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Question

What is the importance of finance to a business concern? 

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Solution

Finance is an important functional area of business. It deals with the timely procurement of funds and their effective utilization. For optimal procurement, different sources of finance are compared in terms of their costs and associated risks. 

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Sources of Finance for Partnership
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Chapter 2: Capital - Fixed and Working - EXERCISES [Page 49]

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C. B. Gupta Commerce Volume 2 [English] Class 12 ISC
Chapter 2 Capital - Fixed and Working
EXERCISES | Q IV. 10. | Page 49
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