i. personal savings. ii. retained earnings iii. accrued taxes. Which of the items constitute internal sources of financing for companies?
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Correct Answer: Option A
Explanation:
Personal savings and retained earnings are internal sources of finance because they originate from the owners or from profits generated and retained within the business. Accrued taxes are liabilities owed to the government and are not normally classified as an internal source of finance.
Personal savings and retained earnings are internal sources of finance because they originate from the owners or from profits generated and retained within the business. Accrued taxes are liabilities owed to the government and are not normally classified as an internal source of finance.