Question

State Whether the Following Statement Are True Or False (Give Reason)

Business secrecy cannot be maintained in a Sole Trading Concern.

 

 

विकल्प

• True

• False

Answer 1

This statement is False.

1. In Sole trading concern all activities are owned, managed and controlled by a single man.
2. He need not disclose his annual accounts of the concern to anybody.
3. Truly speaking this type of organization enjoys the maximum business secrecy.