Finance Flashcards
1
Q
what is finance?
A
What is Finance? Finance is defined as the management of money and includes activities such as investing, borrowing, lending, budgeting and saving.
2
Q
Sources of finance
A
A source of finance is EQUITY which refers to the funds contributed by the owners of a business to start and expand the business.
It is basically when the owner uses his own money to start and develop a business allowing the owner to earn all profits
