2.1.1 - internal finance
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Last updated 8:22 PM on 5/15/24
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5 Terms
1
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finance
money used by a business
2
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sources of finance
where a business can get their money from when they need it
3
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owner’s capital / personal savings
the personal savings of the business’s owner
4
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retained profit
the profit that the business has made so far and kept in reserve
5
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sale of assets
the sale of business assets such as machinery
Note 
Flashcards (40)