Sources of finance Flashcards
1
Q
What are sources of finance?
A
It’s where an enterprise can get money from to support then with things such as expansion, buying new assets
2
Q
What are internal sources of finance?
A
From inside the business
3
Q
What are external sources of finance?
A
From outside of the business
4
Q
What are short term sources of finance?
A
It refers to financing needs for a small period normally less than a year
5
Q
What are long term sources of finance?
A
It’s defined as any finance with repayments exceeding one year (such as bank loans, bonds, leasing and other forms of debt finance)
