Sole proprietorship, Finance Basics

Assignment Help:

Sole Proprietorship

Definition - A sole proprietorship or sole tradership is the oldest and simplest form of business. It is that type of business organization where one person is responsible for profit and loss and is the sole owner of the business. Sole proprietorship is a form of business organization in which an individual introduces his own capital, uses his own skills and intelligence in management of its affairs, assumes all the risk of business and is solely responsible for the results of his operations. The bakery, hardware stores, service stations, barber shops, doctor's clinics, etc. are examples of sole proprietorships.

 

 

 


Related Discussions:- Sole proprietorship

determine the benefit - cost and benefit/cost ratios, A City has determine...

A City has determined that building a new water distribution system using a new source of water would have an annual costs of $5,750,000 and annual net benefits of $4,250,000. The

Stock exchange index or sei, Stock Exchange Index or SEI Stock Exchang...

Stock Exchange Index or SEI Stock Exchange Index is a measure of relative changes in prices of stocks from one duration to another index. Nairobi Stock Exchange twenty (20) -

Inventory management - supply chain management, Inventory Management - Supp...

Inventory Management - Supply Chain Management Determination of the best ordering policy in a manufacturing organisation In a manufacturing organisation, procurement may ha

Bank draft, what is bank draft?How it can be prepared?

what is bank draft?How it can be prepared?

Advantage of bill - source of finance, Advantage of Bill - Source of Financ...

Advantage of Bill - Source of Finance Advantages of necessitating a Bill as a Source of Finance They are a faster means of raising finance whether drawer is credible.

Prepare a cash flow statement , Q1.  A local delivery company has purchased...

Q1.  A local delivery company has purchased a delivery truck for $15,000.  The truck will be depreciated under MACRS as a five year property.  The trucks market value (salvage valu

Finance, Pls help with this + provide references > Briefly outline the mos...

Pls help with this + provide references > Briefly outline the most recent balance of payments experience for China and comment on whether the balance of payments situation will ha

Asset management, Which of the following is not considered to be an investm...

Which of the following is not considered to be an investment objective

Debt finance in us of small companies, Debt Finance in US of Small Companie...

Debt Finance in US of Small Companies Why It CAN Be Difficult For Small Companies to Raise Debt Finance in US Lack of safety avoidances of finances available

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd