Advertisements
Advertisements
Question
In Sole Proprietor ______ is maintained.
Options
Full Secrecy
No Secrecy
Secrecy is nominal
None of these
MCQ
Fill in the Blanks
Advertisements
Solution
In Sole Proprietor full secrecy is maintained.
Explanation:
A sole proprietorship is when one person owns and runs the company. Since they are not compelled by law to reveal information to the public, the owner is able to keep all business activities, accounts, and decisions completely confidential.
shaalaa.com
Is there an error in this question or solution?
Chapter 17: Various Business Entities - EXERCISES [Page 253]
