Explain the following terms/concepts Sole Trading Concern.

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

Sole Trading Concern is a type of business which is owned, managed and controlled by one person.

(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

1. Limited Capital : The sole trader is the only owner of business. He alone contributes capital for business. Capital is in the form of savings and borrowings from friends and...