ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is NOT a source of Internal finance?
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Retained profits
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Reducing working capital
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Sale of existing assets
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Bank Overdraft
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Explanation:
Detailed explanation-1: -The classic examples of an internal source of finance include retained profits, sale of operating assets, issue of capital, and leading collection of debt.
Detailed explanation-2: -By source of funds we mean that money is coming in the business. In the given question all of them are sources of funds except issue of bonus shares.
Detailed explanation-3: -Internal sources of finance do not include: Better management of working capital. Ordinary shares. Retained earnings.
There is 1 question to complete.