GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is external source of finance?
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Letters of Credit
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Advance from customers
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Finance from Companies
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All of the above
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Explanation:
Detailed explanation-1: -External sources of finance are equity capital, preferred stock, debentures, term loans, venture capital, leasing, hire purchase, trade credit, bank overdraft, factoring etc.
Detailed explanation-2: -The sources for external finances that are available are export credit, world bank group, foreign direct investment.
Detailed explanation-3: -External financing is any kind of business funding you acquire from sources outside the company. Bank loans, investments from private individuals or investment firms, grants and selling company shares are all examples of external financing.
There is 1 question to complete.