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What are retained profits called "self financing"? - Commercial Studies

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Question

What are retained profits called "self financing"?

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Solution

Because the business firm itself generates them.

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Retained Earnings
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Chapter 10: Sources of Finance - EXERCISES [Page 170]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 10 Sources of Finance
EXERCISES | Q 5. | Page 170
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