After reading this article you will learn about:- 1. Meaning and Concept of Capital 2. Types of Capital 3. Features. Meaning and Concept of Capital: Capital is the life-blood of a business enterprise. It is a universal lubricant which keeps enterprise dynamic. Capital designates physical sources when applied to production and (it means) money when applied to finance. Its meaning, [...]
In this article we will discuss about the internal and external source of finance for Industries. Internal Source of Finance: 1. Retained Equity Earnings: This implies retaining the earnings of the shareholders for internal reinvestment. Every rupee retained is a rupee with-held from distribution to existing shareholders. While doing so, management must do something to maintain the interest of shareholders. [...]
Steps involved in one Complete purchasing cycle are:- 1. Recognition of Need, Receipt and Analysis of Purchase Requisition. 2. Selection of Possible Potential Sources of Supply. 3. Making Request for Quotation. 4. Receipt and Analysis of Quotations. 5. Selection of Right Source of Supply. 6. Issuing the Purchase Order. 7. Follow-Up and Expediting the Order and Others. Step # 1. [...]