Retained profits are the profits held by the business's bankers as security on a loan. True/False?

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Cambridge International AS And A Level Accounting

ISBN: 9781444181432

1st Edition

Authors: Ian Harrison

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Question Posted: Aug 23, 2023 01:05 PM

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Retained profits are the profits held by the business's bankers as security on a loan. True/False?

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False Retained profits also known as retained earnings ar...View the full answer

Cambridge International AS And A Level Accounting

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