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Terry
0450-18-M-J-12-1e
Chan
TOPIC QUESTION - PAPER 1
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Chan
May 17, 2026 at 7:36:21 AM
May/June 2018
Version 2
5.0 Financial Information and Decisions
5.1 Business Finance: Needs and Sources
YOUR ANSWER
Using bank loan as a source of finance will require Adele to pay interest. It can also enable Adele to borrow large amount and repay long-term. However, should Adele’s business fail, Adele would have to repay its loan using her personal assets as she is a sole trader, with unlimited liability. As such, a bank loan is not the best source of finance, as it will reduce Adele’s income and increase her risk.
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