English, asked by shashirawat4253, 1 year ago

Sole proprietorship in business studies

Answers

Answered by pargat00711

Answer:

Sole proprietorship refers to a form of business organisation which is owned, managed and controlled by an individual who is the recipient of all profits and bearer of all risks. ... payment of debts in case the assets of the business are not sufficient to meet all the debts.

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