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Question
A person who conducts business of sole trading concern is known as sole trader.
A person who conducts business of sole trading concern is known as sole trader.
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Solution
The correct option is A True
The person who is involved in the sole trading concern is known as sole trader as he single handedly controls and manages the working of an organisation and is the sole bearer of risks and profits associated with it.
The person who is involved in the sole trading concern is known as sole trader as he single handedly controls and manages the working of an organisation and is the sole bearer of risks and profits associated with it.
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