Finance Flashcards
1
Q
What are the two types of finance
A
Internal and external
2
Q
What is internal finance
A
Money obtained within the business e.g. last years profits
3
Q
What is external finance
A
Money obtained from outside the business e.g. a bank loan
4
Q
what are the internal sources of finance
A
owner funds, retained profits , sale of assets
5
Q
What are the external long term sources of finance
A
mortgage, government grants
6
Q
What are the external short term sources of finance
A
overdrafts, bank loan, leasing
