CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Which one of the following does not have perpetual succession?

A
Company
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Statutory Corporation
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Sole Proprietorship
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
Co-operative Society
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C Sole Proprietorship
Perpetual succession means continuous without any stoppage. In case of a sole proprietorship there is only one person and the business comes to and end if the owner dies because he is the only owner. Hence, sole proprietorship does not have perpetual succession.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Admission of a Partner
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon