Retained profits is an example of
...Retained profits is an example of
Revenue reserve
Capital reserves
General reserves
Loan capital
Correct answer is A
Retained profit is part of the part of the profits of an organization not distributed as dividends but ploughed back into the business for expansion.
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\(\begin{array}{c|c} & & ₦ \\ \hline \text{capital accounts:} & Ojo & 40,000 \\ &a...
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Use the following information to answer the given question MANUFACTURING AND TRADING ACCOUNTS ...