Q244
Which of the following is not a source of long-term finance?
A.
Equity shares
B.
Preference shares
C.
Commercial papers
AnswerD.
Reserves and surplus
Answer: Option C
Solution
Answer: Option C
Solution:
Commercial papers is not a source of long-term finance. Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities.