24 Internal finance Flashcards
1
Q
Define internal finance
A
internal finance is money taken/generated from within the business.
2
Q
Define personal savings
A
personal savings is finance that an individual, rather than a business, has accrued, which is often saved in a bank.
3
Q
Define sales of assets
A
sale of assets involves a company selling their resources in order to obtain assets.
4
Q
Define retained profit
A
retained profit are profits that a business has after a few years of trading these profits, they can be reinvested back into the business for growth and development.
