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ANDHRA PRADESH
Name : R.Dasharatham
Designation : Lecturer
Branch : D.C.C.P.
Institute : GPW, Warangal
Year : I year
Subject : Business Organization
Subject code : CCP-104
Topic : Forms of Business Organization-Sole
Trading and Partnership
Duration : 50 mts
Sub topic : Sole Trading-merits and demerits
Teaching Aids :P.P.T., Animation, Photos
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Objectives
On completion of this lesson, you would be
able to:
• List and explain Merits of Sole Trading.
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Recap
We know:
• Meaning of sole trader
• Features of sole trader
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Merits of sole trading proprietorship
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Merits
2. More profit.
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Merits
5. Quick decisions.
6. Secrecy of Business.
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Merits
8. Cautious Business.
9. Flexibility of Operations.
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Merits
11.Easy to wind up
12.Tax benefits
13.Independence
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Demerits
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Demerits
1. Limited Capital.
3. Unlimited liability.
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Demerits
4. Short life
5. Singleness of responsibility.
6. Burden of loss
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Demerits
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Summary
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QUIZ
A) unlimited liability
B) short life.
C) Formation is easy.
D) All the above.
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2. Which of the following is the demerit
of Sole Trading Proprietorship?
A) More profit.
B) Smooth management
C) Easy to wind up.
D) Limited Capital.
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Frequently asked questions
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Assignment
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Thank you
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