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Questions and Answers
What is the definition of Capital Expenditure?
What is the definition of Capital Expenditure?
Amount of finance spent on fixed assets for long-term use
Give an example of a Revenue Expenditure.
Give an example of a Revenue Expenditure.
Wages
What are the sources of Internal Sources of Finance?
What are the sources of Internal Sources of Finance?
Retained profits, sale of assets, reduction of working capital
What is the main benefit of using Retained Profits as a source of finance?
What is the main benefit of using Retained Profits as a source of finance?
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What is an example of a fixed asset that can be purchased using Retained Profits?
What is an example of a fixed asset that can be purchased using Retained Profits?
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What is the main source of finance for sole traders and partnerships?
What is the main source of finance for sole traders and partnerships?
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