Characteristics of sole proprietorship, Finance Basics

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Characteristics of Sole Proprietorship

A. It caters for customers' personal attention

B. Accounts do not must be audited

C. Limited to such finances like:

  1. From banks short-term loans
  2. From suppliers trade credit
  3. Personal saving.
  4. Loans from friends and relatives.

D.  Highly flexible decision-creating process.

E.  Highly adaptable and flexible

F. To form less legal formalities.


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