Define Sole Trade
Define Sole Trade in brief?
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Sole Trade: It is that form of business that is operated by single person. He takes all risks of business and gets all its gain. His liability to reimburse the debt is limitless.
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To transfer amounts from retained earnings to contributed capital through stock dividends. The effect is to decrease retained earning and increase the stock account. Stock dividends also permanently retain the earnings in the corporation by moving it out of the retain
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