It is, therefore, necessary for a new concern to estimate its requirements of funds properly. The financial requirements of a new company may be outlined under the following heads:
1. Cost of fixed assets including land and buildings, plant and machinery, furniture, etc. The amount invested in these items is called fixed capital.
2. Cost of current assets including cash, stock of goods (also called inventory of merchandise), book debts, bills, etc.
3. Cost of promotion including
1. Cost of fixed assets including land and buildings, plant and machinery, furniture, etc. The amount invested in these items is called fixed capital.
2. Cost of current assets including cash, stock of goods (also called inventory of merchandise), book debts, bills, etc.
3. Cost of promotion including
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