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Flashcards in Internal sources Deck (3)
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1
Q

What are owners funds?

A

Money that is put into the business from the private savings of the owners.

2
Q

What are retained profits?

A

When businesses make profit the owner can decide whether to use it to expand or improve.

3
Q

What are selling assets?

A

If businesses have possessions they no longer need they can be sold off to earn money.