Identify the source of finance highlighted in the following case: (a) It is a permanent source of capital and is not redeemed during the life of a company. (b) It facilitates the purchase of goods and services without making immediate payment. (c) In case of winding up of the company, the capital is refunded after payment of debentures but before payment of equity shareholders. (d) This source put a permanent obligation on the company to pay interest every year irrespective of profits. (e) Their holders enjoy right to vote and right to receive dividend. (f) This source is also known as ploughing back of profits.

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Business Studies
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diva
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1 year ago

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Hill stations are favourite of many people. The hills covered with snow are a very mismarking view. I have recently visited to Shimla during my vacations. We took a meter gauge train to reach Shimla. The train nearly took three hours to reach Shimla. The moment we reached Shimla there was a freshness in the cold blowing breeze. The roads are zig, zag which takes time. The view of the rising sun over the mountains looked so heavenly. There are long pine trees covered in snow. We then reached our hotel on the cant Road Shimla is also the capital of Himachal Pradesh. When we went there it was vacation time & hence was crowded with people. We went to the Jakhu temple on the peak of the mountain. There were monkeys all around the temple. We even did snow Skating & made snow sculptures Shimla is one of the most beautiful places I have ever visited. The hot cup of coffee or a hot bowl of soup is really enjoyed in the weather. We did lot of shopping. The days so fast but still I cherish the memories.

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