Question

what is the feature of sole trading in india??

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Answer 1

Answer:

Generally, sole traders in India adopt the Single Entry system of book-keeping. Secrecy: -Secrecy plays an important role in the sole trading concern. The information about all the important matters concerning the business rests only with the owner and no outside party can take undue advantage out of it.

Explanation:

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Answer 2

Answer:

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Explanation:

FEATURES ARE-

1. Single ownership: The sole trader is a single owner of the organization. The sole trader owns all the assets and property of the business. The sole trading concern is often referred (said) as “one man show”