Identify sources of finance in the following case and also state one merit for each of the following:
(a) is a permanent source of capital.
(b) If facilitates the purchase of goods without making an immediate payment.
(c ) This source puts a permanent obligation on the company to pay interest irrespective of profits.
(d) Their holders do not enjoy voting rights though they have the status of owners.

Explanation

(a) Equity Capital. , (b) Trade Credit.
(c ) Debenture. , (d) Preference Shares.