Teaching Business Studies Sources Of Business Finance Question Bank MCQ - Business Finance

  • question_answer
    Consider the following statements.
    I. Retained earnings is sum of the all profits retained.
    II. Retained earnings is reduced by losses.
    Which of the statements given above is/are correct?

    A) Only I                                      

    B) Only II

    C)                    Both I and II                             

    D) None of these

    Correct Answer: C


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