JAMB - Commerce (2023 - No. 9)
Which of the following is not a veritable source of funds to a public limited liability company?
advances and loans from bank
internally generated funds
government financial grants
funds from the sale of shares
Explanation
The sources of finance are:
- hire purchase
- trade credit
- loans and overdraft
- sales of shares
- sales of debentures
- bill of exchange
- retained profits
- hire purchase
- trade credit
- loans and overdraft
- sales of shares
- sales of debentures
- bill of exchange
- retained profits