English, asked by 123kushboojha, 3 months ago

explain demerits of sole Trading concern

Answers

Answered by lakshyajoshi114

Answer:

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Answered by priyabrattabiswal056

Answer:

Although sole trading concern has several advantages, it suffers from some drawbacks such as unlimited liability, lack of skill and efficiency, small amount of capital, uncertainty, less chance of expansion etc. The sole trader has unlimited liability.

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