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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

How is it possible to maintain secrecy in sole proprietorship? - Commerce

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Question

How is it possible to maintain secrecy in sole proprietorship?

One Line Answer

Solution

In a sole proprietorship, as the trader is the sole owner of the business, the secrecy can be maintained easily.

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Characteristics of a Sole Trader
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Chapter 4: Sole Proprietorship - Exercises [Page 28]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 4 Sole Proprietorship
Exercises | Q III. 1. | Page 28
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