In this article we will discuss about the source of income of a country:- 1. Connecting Factors for the Tax Objects 2. Basic Source Rules 3. Taxing Source Rules 4. Conflicts in Source Rules. Connecting Factors for the Tax Objects: The connecting factors for the tax objects are the source rules. The source rules identify: (a) Where the income arises [...]
This article throws light upon the three main types of long term financing. The types are: 1. Equity Shares 2. Preference Shares 3. Debentures. Type # 1. Equity Shares: It is the most important sources of finance for fixed capital and it represents the ownership capital of a firm. The salient features of this issue are that the equity shareholders [...]
This article throws light upon the top five external sources of short term finance. The external sources are: 1. Trade Credit and other Payables 2. Factoring 3. Bank Loan 4. Accounts Payable 5. Bank Overdraft/Cash-Credit. Short Term Finance: External Source # 1. Trade Credit and other Payables: Trade credit is a form of short-term financing common to almost all businesses. [...]