Question

Briefly explain retention of profit as a long term source of finance

Answer 1

Retained profit is by some way the most important and significant source of finance for an established profitable business. The principle is simple. ... The total value of retained profits in a company can be seen in the "equity" section of the balance sheet.

Answer 2

Answer:

Retained profit is by some way the most important and significant source of finance for an established profitable business. The principle is simple. ... The total value of retained profits in a company can be seen in the "equity" section of the balance sheet.