A temporary source of finance is:

Question

Quizplus · Accepted Answer

A promissory note is a written promise to pay a specified amount within a specified time frame. It is a temporary source of finance as it is typically used for short-term borrowing needs. Ordinary shares are a form of equity financing and do not represent a temporary source of finance. Accounts receivable represent money owed to a company and are not a source of finance. Interest expense is a cost associated with borrowing funds and not a source of finance.

A Temporary Source of Finance Is