internal sources of finance Flashcards

1
Q

internal sources

A

are sources of money within the business.

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2
Q

Advantages of using owner funds

A
  • No need to pay interest or even repay finance

- Retention of ownership by the individual.

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3
Q

Disadvantages of using owners fund

A
  • Amount available may be limited

- Puts stress on the day to day finance of the individual.

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