Below Sole Proprietorship quiz are Multiple Choice Questions (MCQs) type Quiz. These Sole Proprietorship MCQ Questions helps you to refresh your Sole Proprietorship, you can see the correct option by clicking on it. .
1. closing stock is recorded in trading account and ___________________________
balancesheet liablity side
balancesheet asset side
profit and loss account
trading account debit side
2. The major policy and financial decision makers of a corporation are determined by the...
Chairman of the Board
Board of Directors
3. Sole Proprietorship is most suitable for
Medium scale concerns
Large scale concerns
Small scale concerns
None of the above
4. Nike, Google and Apple are examples of.....
5. Which of the following is not the feature of the sole trade?
6. Which of the following is not the advantage of the sole trader?
7. Which of the following is NOT a type of business ownership?
8. Final account includes
trading account ,profit and loss account and balance sheet