Question : Which of the following are the sources of finance?
Option 1: Owner funds
Option 2: Borrowed funds
Option 3: Both a and b
Option 4: None of the above
Answer (1)
22nd Jan, 2024
Correct Answer: Both a and b
Solution :
Owner funds and borrowed funds are the two types of sources of finance. Owner funds are known as equity and borrowed funds are known as debt.
Hence, option C is correct.
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