Question

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Explain the sources of collection of data in brief.

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Answer 1

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Broadly, there are two main sources of data :-

▪️ Internal sources :-

In an organization, when the data is collected from its reports and records, it is known as internal sources of data.

For Example, a company publishes its annual report on profit and loss, total sales, loans and wages, etc.

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▪️ External Sources :-

External sources refer to the data collected from outside the organization.

For example, If a tour and travels company obtains information on 'UP Tourism'from Uttar Pradesh Transport Corporation, it would be known as external sources of data.

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Answer 2

Answer:

Explanation:

▪️ Internal sources :-

In an organization, when the data is collected from its reports and records, it is known as internal sources of data.

▪️ External Sources :-

External sources refer to the data collected from outside the organization.