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10 Cards in this Set
- Front
- Back
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What are Internal Sources of Finance? |
Finance that comes from within the business. |
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What are External Sources of Finance? |
Finance that comes from outside the business. |
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What is Retained Profit? |
The most important and significant source of finance for an established, profitable business. |
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What is a Business Plan? |
It is a formal statement of business goals, reasons they are attainable, and plans for reaching them.
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What is Cash? |
Is the money a business has available to it. It is not just the notes and coins in the till, but also the money in its bank account. |
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What is Cash Flow?
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Refers to the movement of Cash (or money) going in to and out of a business. |
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What is Cash Inflow?
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Is the cash or money that comes into a business.
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What is Cash Outflow? |
Is the money that flows out of a business. Outflows are the payments a business makes to others. |
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What are Debtors? |
Customers that owe a business money. |
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What is Trade Credit? |
When a business makes a sale it does not always receive a cash inflow from the customers. (Many customers receive goods 'on credits'.) |
