What is meaning of sole trade concern ?

Asked by Last Modified  

30 Answers

Learn Class XI-XII Tuition (PUC)

Follow 2
Answer

Please enter your answer

GUARANTEED SUCCESS

Sole trading concern is the simplest, oldest and the most natural form of business organization in private sector. In this form a single individual is solely responsible for providing the capital, for bearing the risk and for overall management and control of the enterprise. In is the one man show...
read more
Sole trading concern is the simplest, oldest and the most natural form of business organization in private sector. In this form a single individual is solely responsible for providing the capital, for bearing the risk and for overall management and control of the enterprise. In is the one man show owned, managed and operated by one person. read less
Comments
Dislike Bookmark

Sole in lay man understanding means one person. Hence a Sole Trading concern is a commercial organisation that is run and managed completely by one single person. He is solely responsible for debt and risk of the firm. My Money, My Profits , My Loss is the key here.
Comments
Dislike Bookmark

Teacher/Trainer For Aptitude & Reasoning classes

Sole trading concern is the simplest, oldest and in some respect, the most natural form of business organization in private sector.In this form a single individual is solely responsible for providing the capital, for bearing the risk and for overall management and control of the enterprise. In is the...
read more
Sole trading concern is the simplest, oldest and in some respect, the most natural form of business organization in private sector.In this form a single individual is solely responsible for providing the capital, for bearing the risk and for overall management and control of the enterprise. In is the one man show owned, managed and operated by one person. read less
Comments
Dislike Bookmark

Sincere

Its a firm which is owned,managed and controlled by individual person Risk taker He bears profit or loss
Comments
Dislike Bookmark

Good teacher

It means owned and managed by an individual is known as sole trade concern.
Comments
Dislike Bookmark

Company Secretary & Law Graduate

Sole trade concern is an ancient way of doing business and in present also very famous. Its a business pattern which known as propriety concern also. Sole refers to one individual. An individual who is starting a business and taking all liabilities along with profits, operating the business and where...
read more
Sole trade concern is an ancient way of doing business and in present also very famous. Its a business pattern which known as propriety concern also. Sole refers to one individual. An individual who is starting a business and taking all liabilities along with profits, operating the business and where no legal requirements are there to comply I known as sole trade concern read less
Comments
Dislike Bookmark

Commerce Lecturer

Sole trading concern is an concern of an individuals to maintain their books of accounts accurately. He is the owner of the business. their is no strict rules, regulations, procedures are not followed. the government doesnot play a role.
Comments
Dislike Bookmark

Graduate post graduated in event management Mcom

Sole trade concern is owned and controlled by only one person and registration is not compulsory. There are less government regulation It is called as One man show.
Comments
Dislike Bookmark

It is a form of business organization where exists one single owner who is running the business by himself.
Comments
Dislike Bookmark

Completed CA (inter) and B.com.

Sole Proprietorship denotes the business/trade owned and run by an individual. Whereas Sole trade concern denoted the trade owned by an individual, who is solemnly responsible for it's liabilities and solely enjoys the profits or bears losses.
Comments
Dislike Bookmark

View 28 more Answers

Related Questions

Please explain charging of the earth by thunderstorms ??
The normal movement of electric charges among the Earth's surface, the various layers of the atmosphere, and especially the ionosphere, taken together, are known as the global atmospheric electrical circuit....
Kunal
0 0
7
What should be the charges per month for maths of 11 & 12 th CBSE at baroda.
For 11th 3000 n 12th 3500
Er Megha Pandey
0 0
9
A battery of e.m.f volts has internal resistance r ohm, current I is drawn from it its terminal voltage V will be __________. (V = E – Ir, V = E/r, V = Ir, V = E/I)
E-ir
Narendra Kumar
__________ believed in absolute time. (Einstein, Maxwell, Galileo, Galileo and Newton
Newton
Narendra Kumar
0 0
7
Which is the best refresher for business studies accountancy economics
U LIKE PRACTICE PAPERS
Yash
1 0
8

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

For IIT/NEET Aspirants Class 12 Chemistry - Thermodynamics (Adiabatic Process).
In thermodynamics, an adiabatic process is the one that occurs without the transfer of heat or matter between a system and its surrrounding. Energy is only transfer as work. Lets try an example:

Nidhi T.

0 0
0
How to integrate 1/sin x
∫ 1/sin x dx ( multiply numerator and denominator by sin x ) = ∫1• sin x / sinx • sinx dx = ∫ sin x/ sin² x dx = ∫ sin x / (1-cos² x ) dx ( sin²...

B.sudhakar

3 0
0
Easy Way to Exam preparation
List out the chapters that you are studied and easy for you. List out the chapter that covers max marks and easy. List out sub topics names in each chapter and prepare each concept by understanding...

Padmavathy M

0 0
0
Mean value theorem in Calculus
Mean value theorem in simple terms: 1. If a real valued function f(x) is continuous over an closed interval 2. And this function is differentiable over an open interval (a,b) 3. f(a) ≠ f(b) : (...

B.sudhakar

7 0
0
Train Your Mind
Hi Dear Students, The main problem with every student is that they don't study regularly or the study time is not fix. Sometimes they study 1 or 2 hour, sometimes that don't. Their problem is they don't...

Kunal Sharma

0 0
0

Recommended Articles

Meet Urmila, an MBBS tutor from Bangalore

Urmila is a passionate teacher with over 8 years of experience in teaching. She is currently pursuing her Ph. D. She provides classes for Class 11, Class 12, MBBS and Medical tuition.  Urmila began her career in teaching long before she became a teacher. She used to provide classes for foreign national students in her college...

Read full article >

Meet Swati, a Hindi Tutor from Bangalore

Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...

Read full article >

Meet Radhe Shyam Burman, an MBA Tutor from...

Radhe Shyam is a highly skilled accounts and finance trainer with 8 years of experience in teaching. Accounting is challenging for many students and that’s where Radhe Shyam’s expertise comes into play. He helps his students not only in understanding the subject but also advises them on how to overcome the fear of accounts...

Read full article >

Meet Sandhya R, a B.Sc tutor from Bangalore

Sandhya is a proactive educationalist. She conducts classes for CBSE, PUC, ICSE, I.B. and IGCSE. Having a 6-year experience in teaching, she connects with her students and provides tutoring as per their understanding. She mentors her students personally and strives them to achieve their goals with ease. Being an enthusiastic...

Read full article >

Find Class 12 Tuition near you
Class 12 Tuition in Delhi
Class 12 Tuition in Bangalore
Class 12 Tuition in Hyderabad
Class 12 Tuition in Chennai
Class 12 Tuition in Mumbai
Class 12 Tuition in Kolkata
Class 12 Tuition in Pune
Class 12 Tuition in Noida
Class 12 Tuition in Jaipur
Class 12 Tuition in Lucknow
Online Tuition Class 12

Looking for Class 12 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you