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.
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
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