What is Sole Trading Concern?

(i) (a) maximum (ii) (b) co-parcener (iii) (a) KARTA (iv) (b) compulsory (v) (a) limited

1. It is a form of business organization which is owned, managed and controlled by one person.  2. It need not be registered.  3. It does not have a legal status i.e....

(i) Suitable for some Special Business : Sole trading concern is suitable for business where personal attention and individual skill is needed e.g., Beauty parlour, groceries, fashion designing, sweet shops,...

A sole trading concern is one of the oldest and simplest form of organisation. An individual owns the entire business. The individual is the owner, controller and manager of the...

Group ‘A’ Group ‘B’ (a) Sole Trading concern (7) Single Ownership (b) Joint Hindu Family Business (5) Karta (c) Partnership Act (1) 1932 (d) Joint Stock Company (3) Artificial person (e) Co-operative Society (8) Equal voting rights

Features of Sole Trading Concern. No separate law: There is no separate law or act for sole trading concern. But, while conducting the business, it should follow routine laws which are...

Correct option is  (a) private sector

Correct option is  (b) unlimited