What are the uses of enterprise funds?

Enterprise funds refer to the funds whose ownership and use right belong to the enterprise. All the funds of state-owned enterprises belong to the state. Since 1978 enterprise financial system reform, enterprise funds, profit retention, after-tax profit retention and other funds extracted by state-owned enterprises from profits have certain independent management rights, and the state cannot recover them at will or allocate them free of charge. Although this part of the funds is also state funds, relatively speaking, the nature of the source has changed a lot. The capital utilization of an enterprise refers to the continuous circulation and turnover in supply, production and sales after the capital is invested in the enterprise.

Reply time: 202 1-04-09. Please refer to the latest business changes announced by Ping An Bank in official website.

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