Question

State True or False for the following sentences.
1) Sole trader is the decision maker of the business.
2) Sole trading concern operates in local markets.
3) Sole proprietorship is useful for small business
4) The liability of KARTA is unlimited,
5) The maximum number of members is unlimited in Joint Hindu Family Firin,
6) Joint Stock company can raise huge amount of capital.
7). There is a separation of ownership & management in Joint Stock Company,
8) Board of Directors manage the business of Joint Stock Company.
9) Partnership agreement may be oral or written.
10) In partnership firm, the liability of every partner is limited, joint & serveral.
11) The main motto of co-operative society is to render services to its shareholders.
12) The membership of a co-operative society is compulsory.​

Answer 1

1. True
2. True
3. False
4. True
5. True
6. False
7. False
8. False
9. False
10. True
11. False
12. True

here is ur answer