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Questions
Define sole proprietorship.
Define the following business entity:
Sole Proprietorship
Give definition of Sole Trading.
Definition
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Solution
The sole proprietorship is that form of business ownership that is owned and controlled by a single individual. He receives all the profits and risks all of his property in the success or failure of the enterprise.
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Concept of Sole Proprietorship Or Sole Trader
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Chapter 17: Various Business Entities - EXERCISES [Page 256]
