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JAMB Commerce 2023 Paper
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© africaexams.com
Question : 9
Total: 79
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
Validate
Solution:
The sources of finance are:
- hire purchase
- trade credit
- loans and overdraft
- sales of shares
- sales of debentures
- bill of exchange
- retained profits
© africaexams.com
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