Management: 1. Internal Sources of Finance: Owners Equity is the funds contributed by owners/partners to establish and build the business. Retained Profits is where not all the earnings/profits are distributed, but are kept in the business as an accessible and cheap source of finance. 2. External Sources of Finace: External finance is the funds provided outside the business, eg: banks, other financial institutions, government, suppliers or financial intermediaries. Debt: Short-term borrowing is…
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