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

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Question

What are retained profits called “self-financing”? 

One Line Answer
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Solution

Because the business firm itself generates them.

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Retained Earnings
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Chapter 18: Sources of Business Finance - EXERCISES [Page 268]

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Goyal Brothers Prakashan Business Studies [English] Class 12 ISC
Chapter 18 Sources of Business Finance
EXERCISES | Q I. C. 4. | Page 268
Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 10 Sources of Finance
EXERCISES | Q 5. | Page 170
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