24 Internal finance Flashcards
1
Q
capital expenditure
A
spending on items that may be used over and over again
2
Q
revenue expenditure
A
refers to payments for goods and services that have either already been consumed or will be soon.
3
Q
capital
A
the money provided by the owners in a business `
4
Q
internal finance
A
the money generated by the business or the current owner
5
Q
retained profit
A
the profit after tax that is put back into business and not returned to the owners.
6
Q
sale of assets
A
a business may be able to sell some unwanted assets to raise finance.
7
Q
sale and leaseback agreement
A
involves selling an asset that the business still actually needs amd the company leases the asset back to the seller.
