In order to increase the capital owned, a sole trader may...
In order to increase the capital owned, a sole trader may
seek for bank loan
issue debentures
acquire extra shop fittings on credit
draw less of his profit for personal use
Correct answer is D
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
Goods are usually classified into? ...
Which of the following arranges for the conveyance of goods abroad ...
The par value of a share is also known as its ...
Third party insurance covers, damages? ...
Nigerian Postal Services (NIPOST) facilitates commerce in all the following ways except through ...
Which of the following qualities of money is generally undermined by inflation? ...
Which of the following is not a function of the Nigerian Ports Authority? ...
Which of the following is the the main aim of the Indigenization Decree? ...