CBSE Class 11-commerce Answered
Sole trader
Asked by ry226898 | 02 Jan, 2020, 09:14: PM
Expert Answer
A sole trader also known as a sole proprietor is a person who runs and manages business on his own.
He owns the business and is therefore, legally liable for all activities of his business. He is the one who invests capital in the business and is therefore, entitled to all the revenue and profits earned by the business.
It is considered as the most simplest form of business as the trader alone manages all the activities of his business.
Answered by Surabhi Gawade | 04 Jan, 2020, 11:48: PM
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