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O

Opening balance

The amount of money a business starts out with at the beginning of the month. Calculated using the closing balance from the previous month.

https://www.bbc.co.uk/bitesize/guides/zfjhxyc/revision/6

Owner’s Capital

This source of external finance is from the owner’s personal finances and is used to finance the business.

Although this person owns the business it is still classed as an external source of finance as it comes from outside of the business itself.