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Sources of Business Finance
Question
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Give meaning of short-term finance.

Answer

 Short-term consists of the period not exceeding one year. It is also known as circulating or working capital. It meets the short-term day to day operating needs of the business. Trading firms require more working capital than manufacturing concerns.

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Some More Questions From Sources of Business Finance Chapter

Give meaning of working capital.

Give types of working capital.

Give meaning of owner’s capital.

Give meaning of borrowed capital.

Give meaning of long-term finance.

Give meaning of medium-term finance.

Give meaning of short-term finance.

Define shares.

 Give the types of shares.

Define preference shares.