--%>

Define Sole Trade

Define Sole Trade in brief?

E

Expert

Verified

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.

   Related Questions in Financial Accounting

  • Q : What is correspondent bank relationship

    Explain what you mean by Correspondent bank relationship.

  • Q : Digital Image Processing Homework Using

    I am just trying your services to get one very small project done for Digital Image Processing Homework Using Matlab.I need the code and the approach of the code.The Homework is :A. Import a color image.B. Convert color image to gray-level image.C. create

  • Q : Adjunct Account What do you mean by the

    What do you mean by the term Adjunct Account?

  • Q : Essential condition for

    Specify the essential condition for the fixed-for-floating interest rate swap to be possible?

  • Q : Accounting Treatment of Goods What are

    What are the various Accounting Treatment of Goods?

  • Q : Investing in dual currency bonds What

    What an investor should consider before investing in dual currency bonds?

  • Q : Case study of an economic and labour

    The woman in the dark suit (serious women always wear black suits) leafed through the papers on her desk. She was a fund manager and she was nearing the deadline for an investment decision by one of her leading clients, who wanted to invest in sovereign bonds in a dev

  • Q : Rule of nominal account Why the rule of

    Why the rule of nominal account is just opposite with the rule of personal account and real account?

  • Q : Ppe Question 3 The following

    Question 3 The following information is taken from the financi al statements of an entity: 20x6 20x5 Property, plant and equipment $4,100,000 $3,600,000 Accumulated depreciation (1,400,000) (1,050,000) Depreciation expense 650,000 Gain on disposal of PPE 35,000 The asset disposed of had

  • Q : Accountant & Financial In Business

    Questions 1. Identify the services or programs to be included in the cost and profitability analysis. 2. Examine the costs listed in Table 2. a. Identify the direct costs associated with each service or program. b. Which costs would be organization