Characteristics of sole proprietorship, Finance Basics

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.

Posted Date: 1/29/2013 2:07:49 AM | Location : United States







Related Discussions:- Characteristics of sole proprietorship, Assignment Help, Ask Question on Characteristics of sole proprietorship, Get Answer, Expert's Help, Characteristics of sole proprietorship Discussions

Write discussion on Characteristics of sole proprietorship
Your posts are moderated
Related Questions
Definition of 'Capital Budgeting': The process in which a business calculates whether projects such as building a new plant or investing in a long-term risk are worth pursuing

Following the Initial Public Offering (IPO), the shares of Rosetta Stone, the language instruction company, jumped almost 44 percent from an initial price of $18 to $25.55 in late-


Bell is considering two marketing options for the Canadian launch of their internet-based video streaming service in the first quarter of 2012.   i. A  "soft" launch using prima

Charleston Industrial revised its dividend policy and decided that it wants to maintain a retained earnings account of $1 million. The company''s retained earnings account at the e

Methods or Techniques of Financial Forecasting 1. Use of Cash Budgets A cash budget is a financial statement showing as: a) Sources of capital and revenue cash inflows

Debenture Finance A type of long term debt raised after a company sells debenture certificates to the holder and raises finance in return. The term debenture has its source fr

The operating income of H Ltd amounts to Rs. 186000. It pays 35% tax on its income. Its capital structure consists of the following: 14% Debentures

The scope of supply chain management  Supply chain management includes the determination of suppliers; distributors, distribution channels and warehousing; manufacturing infor

what are the difference between receipt and payment account and income and expenditure account ?