Finance Flashcards
1
Q
Internal source of finance
A
A way a business can get money from inside the business and not going some where else for money
2
Q
External source of finance
A
A way a business can get money from outside the business, like from a bank or loans
3
Q
Internal sources
A
Retained profit - profit kept back off selling products/ services
Selling assets- selling things the business has had for a long time
4
Q
External sources
A
Loan capital - money borrowed from a bank
