Explain the following terms/concepts Sole Trading Concern.
Explain the following terms/concepts
Sole Trading Concern.
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1. It is a form of business organization which is owned, managed and controlled by one person.
2. It need not be registered.
3. It does not have a legal status i.e. It does not have a stable life.
4. Maximum secrecy can be maintained in Sole Trading concern.
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