How could a business fund a short term cash shortfall?
A. Issue equity (sale of shares)
B. Long term loan
C. Issue bonds
D. Overdraft
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Classify the following receipts or payments as revenue items, capital or drawings.Payment of salary to employees
A. Revenue items
B. Capital
C. Drawings
Purchase of materials
A. Revenue items
B. Capital
C. Drawings
Payments of dividends to shareholders
A. Revenue items
B. Capital
C. Drawings
Purchase of a fleet of cars
A. Revenue items
B. Capital
C. Drawings