Internal sources of finance: Internal equity Flashcards
1
Q
What is owners equity?
A
Fund contributed by owners to partners to establish business
2
Q
What is retained profits?
A
Funds kept in the business
(used as a source of finance for future activities)
3
Q
What is sale?
A
Sale is making profits off unwanted assets
4
Q
What is the acronym for the external sources of finance
A
SOR!
