5 Flashcards
What does role of finance function mean
Jobs that are done by a finance department in a business
What is owners capital
The owners savings are invested
What is retained profit
Money not distributed to the owners as profit
What is sale of assets
Goods owned by the business are sold to raise money
What is a overdraft
A bank makes available to a business more money than they have in their account
What is trade credit
A business sells goods after agreeing to pay for them at a later date
What is taking on a new partner
The new partner invests some of their savings in the business
What is a loan
A set amount of money borrowed for a set period of time
Share issue
New shares are sold to raise more money
What is crowdfunding
Money is donating or invested by sponsors or people invest to become part-owners of the business
