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Which of the following is not a veritable source of funds to a public limited...

Commerce
JAMB 2023

Which of the following is not a veritable source of funds to a public limited liability company?

  • A. advances and loans from bank
  • B. internally generated funds
  • C. government financial grants
  • D. funds from the sale of shares
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Correct Answer: Option C
Explanation

The sources of finance are:
- hire purchase
- trade credit
- loans and overdraft
- sales of shares
- sales of debentures
- bill of exchange
- retained profits

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Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now