Source of finance Flashcards
1
Q
what is internal source of finance?
A
money available to fund expenditure from within the business.
2
Q
what is external source of finance?
A
when a business get cash to fund expenditure from outside the business.
3
Q
name 2 types of internal finance.
A
accept any 2 from:
sales of assets
retained profit
owners capital
4
Q
name 3 types of external finance.
A
accept any three from: bank loan shares capital crowd funding government grants debt factoring leasing donations
