Consider the following statements. I. Retained earnings is sum of the – McqOptions

MCQOPTIONS

1.	Consider the following statements. I. Retained earnings is sum of the all profits retained. II. Retained earnings is reduced by losses. Which of the statements given above is/are correct?
A.	Only I
B.	Only II
C.	Both I and II
D.	None of these
Answer» D. None of these

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