NECO Commerce 2022 Objective — Question 12
Question 12 of 50 from the National Examinations Council (NECO) Commerce 2022 Objective paper, with the correct answer and a full explanation.
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An internal source of finance to an entrepreneur is
- A. Trade credit
- B. retained earningCorrect
- C. overdraft
- D. debenture
Explanation
Retained earnings are profits ploughed back into the business, an internal source of finance.
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