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Question
State Whether the Following Statement Are True Or False (Give Reason)
Business secrecy cannot be maintained in a Sole Trading Concern.
Options
True
False
MCQ
Solution
This statement is False.
- In Sole trading concern all activities are owned, managed and controlled by a single man.
- He need not disclose his annual accounts of the concern to anybody.
- Truly speaking this type of organization enjoys the maximum business secrecy.
shaalaa.com
Concept of Sole Proprietorship Or Sole Trader
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