Business Studies, asked by navyakanugula5622, 1 year ago

what is meant by ploughing back of profits?

Answers

Answered by Buqi
16



It refers to the process of retaining a part of the company's net profits for the purpose of reinvesting in the business itself. In other words, the savings generated internally by a company in the form of 'retained earnings' are ploughed back into the company for diversification of its business.

Answered by AditiSomani1
1
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