Question

State true of false :

Trading concern is established for rendering services to the society.

• A. True
• B. False

Answer 1

The correct option is B False

Trading concern is an entity that derives its product for sale, thereby revenue, through purchasing products for sale from other producers /manufacturers for resale to their customers. It is a commercial company and trade as the act of buying and selling goods and services. It is established for making some profit not for rendering services to the society.