Distinguish between sole trading concern and joint hindu family firm
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Sole trading is form of business organisation in which a person solely bear the risk and profit and jhf are business in which all member of family do business
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Sole trading concern is where one individuals comes up with the business opportunity, he comes up with the suitable idea and later ascends it to a business activity solely on his own while the family firm comprises of the members family from the religion coming up with business activity which is owned by every individual of the hindu family.
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