No activity of business can performed with out the invovement of finance. That is why fiannce' is considered as "Life Blood of Business". Finance holds the key to all business activities.
The Envyclopaedia of Britannica defines finance as " the act of providing the means of payment' Accroding to Paul G. Hasings 'fiananc' is the management of the monetary affairs of a company . Howard and Upton defines fiannace as the management of the flow of cash so that the organisation will have the means to carry out its objectives and at the same time meet its onligations as they become due. Their emphasis is on the liquidity aspect of finance. John Hamption interpreted fianace as the managementof the flow of money . In a modern economy finance may be defined as the provision of money at the time it is needed. Therefore, finance is concerned with every activity, Which involves the use of money
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