Long term finance is required to finance :

CS Executive · Financial and Strategic Management · PYQS · December 2021
Long term finance is required to finance :
(A) Fixed assets, variable part of working capital and expansion of business
(B) Fixed assets, permanent part of working capital and expansion of business
(C) Fixed assets and working capital
(D) Only fixed assets

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Financial Management

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