Shares and debentures can't be used as universal finance tool because partnership and proprietary enterprise don't issue shares and debentures. Bank loan is a method by which every enterprise can raise finance irrespective of their ownership(public /private),scale(large /small /medium). No business can run without taking loan from bank , even if it is a huge established company.
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Shubham Goyal answered this
Give the example of activity which remain financing activity for every enterprise
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Deathman answered this
An activity which is considered as a financing activity for every type of business is dividend paid
