Finance is the blood of any business. Without finance, no business can be carried with the potential as it should be. In the companies, there are various tools which can be used for availing the finance. As far as owned funds are considered these can be arranged by availing the funds' facility from relatives, friends and family. in this section personal savings can also be used. On the other hand, as far as borrowed funds are considered in it loan form bank, loan form commercial institutions and borrowing the funds from any organisational tool is considered.
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Prime challenges are the complicacy of the subjects, as finance and accounting both are the most important element while doing the business activity. But the challenges such as changing the law, taxation law, change in accounting standards and everyday business policies and governmental regulations are some common challenges that exist with Accounting and finance.