internal sources Flashcards
1
Q
owner funds
A
money that is put in the business from the private savings of the owner.
2
Q
owner funds /advantages
A
no need to pay interest or repay finance
retention of ownership
3
Q
owner funds /disadvantages
A
amount may be limited
puts stress on day of finance
4
Q
retained profits
A
businesses make profits , decide to spend on themselves
