Mr. Ali started business with a small amount of capital and he is responsible for all his losses and he has the right over all the profits of the business. Which form of business organization Mr. Ali has started? O a. Sole Proprietor O b. All the options are wrong O . Partnership O d. Company

Mr. Ali started business with a small amount of capital and he is responsible for all his losses and he has the right over all the profits of the business. Which form of business organization Mr. Ali has started? O a. Sole Proprietor O b. All the options are wrong O . Partnership O d. Company

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Mr. Ali started business with a small amount of
capital and he is responsible for all his losses and
he has the right over all the profits of the
business. Which form of business organization
Mr. Ali has started?
O a. Sole Proprietor
O b. All the options are wrong
O. Partnership
O d. Company

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