Umsindo ohlukanisiwe

finance is money needed to start, run and grow a business. types: start-up capital: starting money. working capital: daily money (current assets – liabilities). capital expenditure: long-term assets. revenue expenditure: daily costs. internal finance includes: retained profit (no interest but limited), sale of assets (quick cash but low value), sale of inventory (improves cash flow but risk of shortages), owner’s savings (personal money).