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प्रश्न
Sole trading concern and Partnership firm .
उत्तर
|
Sr.No. |
Basis of Difference | Sole Trading Concern | Partnership firm |
| 1 | Meaning | Owned and controlled by only one person. | In this form of business organization two or more persons come together to undertake a business activity and share profits. |
| 2 | Formation | It can be formed at any time when proprietor decides. | It can be formed by an agreement between two more competent persons. |
| 3 |
Ownership |
Sole trading concern has only one owner. | Minimum number of members is 2 and maximum 10 in banking and 20 in other firm. |
| 4 | Registration | Registration is not necessary. | Registration is not necessary, but it is useful. (compulsory in Maharashtra) |
| 5 | Secrecy | A sole trading concern ensures maximum secrecy. |
Secrecy is shared by the partners. |
| 6 | Managerial | The entire burden of management lies on owner. |
All partners contribute these skills so there is division of work and expertise. |
| 7 | Capital | Because of only one owner, amount of capital is very small. |
Contribution of all partner’s capital increases. |
| 8 |
Profit& Loss |
A proprietor is himself receiver of all the profit and loss. |
Profit is shared by partners as per their agreements. |
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Concept of Sole Proprietorship Or Sole Trader
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संबंधित प्रश्न
Features of sole trading concern.
‘One man show’ type of business organization.
Distinguish between Proprietorship and Joint Hindu Family Firm
A sole trading concern ensures ______________ business secrecy.
Match the pairs :
|
Group 'A' |
Group 'B' |
||
| (a) | Sole trader | (1) | Compensation upto Rs 20 lacs |
| (b) | Globalisation | (2) | Minimum two members |
| (c) | District Forum | (3) | Dr. Deming |
| (d) | Private company | (4) | Regional market |
| (e) | Total Quality Management | (5) | F. W. Taylor |
| (6) | Minimum seven members | ||
| (7) | Maximum secrecy | ||
| (8) | Compensation more than Rs 20 lacs | ||
| (9) | International market | ||
| (10) | Minimum secrecy | ||
Select the proper option from the options given below and rewrite the completed sentence.
A sole proprietorship is the ________ form of organization.
Select the proper option from the options given below and rewrite the completed sentence.
A sole proprietorship has ________ owner/owners.
Select the proper option from the options given below and rewrite the completed sentence.
A proprietor has ________ liability.
Match the correct pairs.
Write a word or a phrase or a term which can substitute the following.
The owner is the sole manager and decision maker of his business.
Write short notes on the following.
Features of a proprietorship
State Whether the Following Statement Are True Or False (Give Reason)
Business secrecy cannot be maintained in a Sole Trading Concern.
Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organisation. Why?
The structure in which there is a separation of ownership and management is called
The board of directors of a joint-stock company is elected by
The capital of a company is divided into a number of parts each one of which is called
The Head of the joint Hindu family business is called
A partner whose association with the firm is unknown to the general public is called
