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WAEC Commerce 2002 Question 9

Question 9

Business Finance

Which of the following is an internal source of capital to a business concern?

  1. A.Trade credit
  2. B.Debenture
  3. C.Overdraft
  4. D.Retained profit
Show the answer and explanation

Answer: D (Retained profit)

Explanation

Retained (ploughed-back) profit comes from inside the business; the others are borrowed.