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प्रश्न
Sole Trading Concern and Partnership Firm
फरक स्पष्ट करा
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
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
APPEARS IN
संबंधित प्रश्न
| Group'A' | Group 'B' | ||
| a | Sole trader | 1 | Insurable interest |
| b | Life insurance | 2 | Branch of Social Science |
| c | Business ethics | 3 | Local market |
| d | Henry Fayol | 4 | Father of scientific management |
| e |
Planning |
5 | Principle of indemnity |
| 6 | Father of modern management | ||
| 7 | Primary function of management | ||
| 8 | To earn profit | ||
| 9 | Last function of management | ||
| 10 | National market |
Distinguish between Proprietorship and Joint Hindu Family Firm
Sole trading concern and Partnership firm .
A sole trading concern ensures ______________ business secrecy.
Functions of Lower Level Management.
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 sole trading concern ensures ________ business secrecy.
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.
State Whether the Following Statement Are True Or False (Give Reason)
Business secrecy cannot be maintained in a Sole Trading Concern.
State Whether the Following Statement Are True Or False (Give Reason)
The liability of a sole trader is unlimited.
State Whether the Following Statement Are True Or False (Give Reason)
Sole Trading Concern is convenient and suitable when the market of goods is local.
In a cooperative society, the principle followed is
The board of directors of a joint-stock company is elected by
The Head of the joint Hindu family business is called
Provision of residential accommodation to the members at reasonable rate is the objective of
Define sole proprietorship.
Define the following business entities:
Sole Proprietorship
