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.

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