Answer to Question #270647 in Accounting for Nhlaphu

Question

With reference to financial management, write a short essay(600 words) on the concept of sources of finance.

NB:references must be included.

Answer 1

A source or sources of finance refers to the money that a company uses to fund its operations. A company can get money from both internal and external sources.

Money that comes from within a company is referred to as internal sources of finance. A business can use a variety of internal techniques, including owner capital, retained earnings, and asset sales.