Q10
The liability of a sole proprietor is _______.
A.
Limited to the extent of his capital invested in the business
B.
Limited to the extent of the value of business assets
C.
Limited to the extent of the value of business assets and his all private assets
AnswerD.
Limited value of the business assets
Answer: Option C
Solution
Answer: Option C
Solution:
The liability of a sole proprietor is limited to the extent of the value of business assets and his all private assets.