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Question
Correct the underlined word and rewrite the following sentence.
There is less secrecy in Sole Trading concern.
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Solution
There is maximum secrecy in Sole Trading concern.
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Answer in one sentence.
What is sole Trading concern?
Explain the following term/concept:
Sole Trading Concern.
Distinguish between Sole Trading Concern and Partnership Firm.
Answer in brief.
State any four features of Sole Trading Concern.
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Liability of a ‘Sole trader’ is Unlimited.
Justify the following statement.
Sole proprietorship is useful for small business.
Attempt the following:
Explain the features of Sole Trading Concern.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
Which feature allows a sole trader to make business changes quickly?
What does unlimited liability mean for a sole proprietor?
