One Important Source of Financing for Most Small Businesses Is

question 41

True/False

One important source of financing for most small businesses is the owners savings.If the owner contributes money to the business from his/her personal savings,it will be recorded in the Owner's Equity account on the balance sheet.

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Definitions:

Rejection

The act of dismissing or refusing something, such as a proposal, offer, or claim.

Express Words

Direct, clear, and explicit language in a contract or statute that specifies certain conditions or stipulations without ambiguity.

Acceptance

Acceptance in contract law is the expression of agreement to the terms of an offer, resulting in a binding contract between the parties.

Revocation

The official cancellation or withdrawal of an offer, agreement, or contract.