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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Who is called a Sole Trader? - Commerce

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Question

Who is called a Sole Trader?

Short Note

Solution

A proprietorship is a form of business organisation in which an individual introduces his own capital, uses his own skill and intelligence in the management of its affairs, and is solely responsible for the results of its operations. 

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Definition of 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 II. 1. | Page 28
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