what is the presentation of data and information of sole trading
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Meaning: Sole trading concern is the oldest type of business organization throughout the world. It is simple and natural type of organization because it is owned, controlled, supervised and managed by single person known as sole trader. The proprietor is free to choose any business which is according to law of land. A person having small capital, little skill and intelligence can start any lawful business. From above, it is clear that sole trader is the sole proprietor, promoter, manager, controller and the risk bearer of the business or individual entrepreneurship. Definition: "Sole trading concern is the business in the hands of one person, who is not only responsible for its management but also for its risks." According to Michael Greener, "A Sole trader is a person who trades on his own account rather than in partnership or as member of the company". Features of Sole trading Concern
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