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Retained profits is an example of

Retained profits is an example of
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Revenue reserve
  • B Capital reserves
  • C General reserves
  • D Loan capital
Correct Answer: Option A
Explanation:
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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