Question

State the main sources of borrowed
funds for sole proprietors.​

Answer 1

1.) Putting up your own money

2.) Borrowing from family relatives and friends

3.) Credit card financing

4.) Reinvesting retained profits

5.) Conventional bank loans

6.) Sale of inventory and assets

7.) Trade credit financing

8.) Grants for sole proprietorship

Answer 2

Answer:

$In a sole proprietorship, the proprietor himself provides the owned fundfrom his personal property. ... In a company, borrowed funds consist of the finance raised from debenture holders, public deposits, financial institutions and commercial banks. Thus, the various sources of financemay be divided$