Enterprises
Chapter 4: 11th Commerce · Part 14 · Commerce · EN medium
From your actual textbook ✓
What does your textbook say about Enterprises?
iii. Unlimited Liability When his business assets are not sufficient to pay off the business debts he has to pay from his personal property. iv. Enjoying Entire Profit He strives tirelessly for the improvement and expansion of his business and enjoys all the benefits of his hard work. v. Absence of Government Regulation A sole proprietor concern is free from Government regulations. No legal formalities are to be observed in its formation, management or in its closure.
📖 Namma Kalvi 11th Commerce Textbook English Medium · Page 36
Read from the source
Complete lesson
iii. Unlimited Liability When his business assets are not sufficient to pay off the business debts he has to pay from his personal property. iv. Enjoying Entire Profit He strives tirelessly for the improvement and expansion of his business and enjoys all the benefits of his hard work.
v. Absence of Government Regulation A sole proprietor concern is free from Government regulations. No legal formalities are to be observed in its formation, management or in its closure.
Related topics
Want this shaped for your exam marks?
Get an AI answer grounded in your actual textbook — with the exact page reference.
Ask AI about this topic →