SOURCES OF CAPITAL OF A SOLE PROPRIETORSHIP And PARTNERSHIP

SOURCES OF CAPITAL OF A SOLE PROPRIETORSHIP

1. personal savings..
2. Loan from friends.
3. Trade credit i.e collecting credit goods.
4. Loan and overdraft from banks
5. Grants/loans from government.

SOURCES OF CAPITAL FOR PARTNERSHIP

1. Personal contribution from partners.
2. Loans and overdraft from banks.
3. Trade credit.
4. Undistributed profit ; are brought back to the business.
5. Getting money from Admission of new partners.