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

Which of the following is not a veritable source of funds to a public limited liability company?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Advances and loans from bank
  • B Internally generated funds
  • C Government financial grants
  • D Funds from the sale of shares
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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