MANAGEMENT

Detailed explanation-1: -Bank & company’s website The bank and company’s website are the common source for finance info. They publish thorough blogs related to finance. Their info is the solution to make decisions for your future plans.

Detailed explanation-2: -Accounting journal entries and general ledger entries both are the sources of information to prepare income statements; these sources provide the information related to the expenses and income of the company.

Detailed explanation-3: -They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders’ equity. Balance sheets show what a company owns and what it owes at a fixed point in time. Income statements show how much money a company made and spent over a period of time.

Detailed explanation-4: -The sources of business finance are retained earnings, equity, term loans, debt, letter of credit, debentures, euro issue, working capital loans, and venture funding, etc.