In order to increase the capital owned, a sole trader may
A.
seek for bank loan
B.
issue debentures
C.
acquire extra shop fittings on credit
D.
draw less of his profit for personal use
Correct Answer: Option D
Explanation
A sole trader can raise capital for the business by ploughing back profit. That is, re-investing the profits realised from the business instead of using it for personal needs
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}