The source of fund for Mr. John who got his capital from the money he kept in bank is_____________
Answer Details
The source of funds for Mr. John is his personal savings. He invested his own money, which he had saved and deposited in the bank, to start his business. In other words, he did not take a loan from the bank or receive funds from the plough-back profit of his business. Additionally, he did not obtain an overdraft from the bank. Instead, he used his own savings as the initial capital for his business.