Home › CBSE Class 11 (Commerce) › Business Studies › Forms of Business Organisation › Regarding publication of accounts, what is the p…
Regarding publication of accounts, what is the position of a sole trader?
AMust publish them every year
BNeed not publish them by law
CMust file them with the Registrar
DMust publish them when profit rises
Answer & Solution
Correct answer: B. Need not publish them by law
Because decisions and information stay with the owner, the law does not force publication of the firm's accounts.
Related questions
Ease of transferring ownership is greatest in which form, leaving out private companies?From an investor's viewpoint, which form is more suitable as its risk is limited?For a business needing a permanent structure, which form is more suitable?Which form of business is least expensive to set up?Why does a private company not need to issue a prospectus?Which words must a private company use after its name?What is the minimum number of members needed to form a public company?Free transfer of shares does not apply to which type of company?