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Sole-trade organization is also called as

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Business and Commerce
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Sole-trade organization is also called as ______.

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Correct Answer: Option A
Sole-trade organization is also called as Individual proprietorship. It is the type of entity that is fully owned and managed by one natural person (not a legal person/entity) known as the sole proprietor. The business and the man are the same, it does not have a separate legal entity.
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Manoj12 Manoj12
Manoj12 Manoj12 3 years ago
3. Del credere commission is allowed to cover-
(a) Normal loss
(b) Abnormal loss
(c) Loss due to bad debts
(d) All of the above
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