Explain the nature of Business Finance?
Nature of Business finance:
1. It includes all type of funds used in business. For example: owner's funds and borrowed funds.
2. It is necessary for all types of businesses. It is required for manufacturing as well as for trading business.
3. It depends on the size of business. For example: for a small size business, less finance is required and for a large scale business, more finance is required.
4. The amount of business finance varies from time to time.
1. It includes all type of funds used in business. For example: owner's funds and borrowed funds.
2. It is necessary for all types of businesses. It is required for manufacturing as well as for trading business.
3. It depends on the size of business. For example: for a small size business, less finance is required and for a large scale business, more finance is required.
4. The amount of business finance varies from time to time.