Theme 2 - 1.1 Internal and external sources of finance Flashcards
1
Q
What is owners capital ?
A
Money that is invested by the business owner, which may have come from personal savings.
2
Q
What is retained profit ?
A
This is profit a business has after a year, that is saved and reinvested into the business.
3
Q
What is an asset ?
A
Something that a business owns that can be sold to raise finance.
