Accountancy, asked by dhrumivaghela7, 7 months ago

How it is possible to maintain secrecy in sole ​

Answers

Answered by khushirajput060
2

Answer:

Confidentiality All the information related to business operations is kept confidential and secrecy is maintained as the sole decision making authority rests with the proprietor unlike partnership or co-operative form. A sole proprietor is also not bound legally to publish firm's accounts as in case of a company.

Answered by piyushkumarverman
7

Answer:

v. Maintenance of Business Secrets: Business secrecy is an important factor for every business. ... In the case of sole proprietorship business, the proprietor is in a very good position to keep his plans to himself since management and control are in his hands. There is no need to disclose any information to others.

Explanation:

this is your answer ji

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