English, asked by kunalthakur101, 1 month ago

1)sole trading concern and joint hindu family business.

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Answered by shankarranjith2

Answer:

A business which is owned, managed and controlled by one individual called sole trader for earning profit is called sole trading concern. ... All the members of the Hindu Undivided Family are the joint owners of the ancestral business property. The liability of a sole trader is unlimited.

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