a Adriana Riascos 6 éve
171
mapa contabilidad
Businesses require finance for several crucial activities, including expansion, startup, and day-to-day operations. Expansion needs funds for new locations or international branches.
Megnyitás
WHY BUSINESS NEEDS FINANCE existing the DEBTOR is an individual or business who has borreowed funds from a business and so owes it money CREDITOR is and individual or busines that has lent funds to a business is owed money finance refers to soucers of money for a business, firms need finance to EXPAND the business,eg having funds to pay for a new branch in a different city or country RUN the business,eg having enough cash to pay staff wages and suppliers on time START UP a business, eg pay for premises,new equipment and advertising SOURCES OF FINANCE Long term and can be paid back over many years FACTORING TRADE CREDITS OVERDRAFT FACILITY some sources of finance are short term and must be paid back within a year DEBENTURES LOANS OWNERS
