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Question

"Business finance includes those business activities which are concerned with the acquisition and conservation of capital funds in meeting the financial needs and overall objectives of business enterprise." This definition is given by -

A
B.O. Wheeler
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B
Howard and Upton
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C
ICSI
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D
ICAI
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Solution

The correct option is B B.O. Wheeler
According to the Wheeler, “Business finance is that business activity which are concerned with the acquisition and conversation of capital funds in meeting financial needs and overall objectives of a business enterprise”.
Finance also is referred as the provision of money at the time when it is needed. Finance function is the procurement of funds and their effective utilization in business concerns.

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