Question 15 of 18
Q.Who is called a Sole Trader ?
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2023Subjective· 2mImportance★★★★★
83% · 15/18 Questions
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Start your 14-day free trial to unlock the full solution →A sole trader is the single individual who owns, manages and controls a sole proprietorship business, enjoying all profits and bearing all risks alone.
In the sole proprietorship chapter of the Tamil Nadu HSC Commerce syllabus, the sole trader is the owner of the simplest form of business organisation.
A sole trader (sole proprietor) is a person who:
- Owns the business entirely by himself and provides the whole of the capital.
- Manages and controls all the affairs of the business on his own (or with the help of a few employees).
- Enjoys all the profits earned by the business. …
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