{"id":35738,"date":"2022-09-29T09:49:22","date_gmt":"2022-09-29T04:19:22","guid":{"rendered":"https:\/\/apboardsolutions.guru\/?p=35738"},"modified":"2022-09-29T09:49:22","modified_gmt":"2022-09-29T04:19:22","slug":"ap-inter-1st-year-commerce-notes-chapter-3","status":"publish","type":"post","link":"https:\/\/apboardsolutions.guru\/ap-inter-1st-year-commerce-notes-chapter-3\/","title":{"rendered":"AP Inter 1st Year Commerce Notes Chapter 3 Forms of Business Organization"},"content":{"rendered":"<p>Students can go through\u00a0<a href=\"https:\/\/apboardsolutions.guru\/ap-inter-1st-year-commerce-notes\/\">AP Inter 1st Year Commerce Notes<\/a> 3rd Lesson Forms of Business Organization will help students in revising the entire concepts quickly.<\/p>\n<h2>AP Inter 1st Year Commerce Notes 3rd Lesson Forms of Business Organization<\/h2>\n<p>\u2192 Business is one of the human economic activities. Profit is a consideration of business.<\/p>\n<p>\u2192 Business is an economic entity i.e., an artificial person.<\/p>\n<p>\u2192 Business units may be classified into two types.<\/p>\n<ol>\n<li>Noncorporate units<\/li>\n<li>Corporate units<\/li>\n<\/ol>\n<p>\u2192 Sole proprietorship concern is one of the noncorporate units.<\/p>\n<p>\u2192 Each and every business concern must have its own merits and demerits.<\/p>\n<p><img loading=\"lazy\" src=\"https:\/\/apboardsolutions.com\/wp-content\/uploads\/2022\/07\/AP-Board-Solutions.png\" alt=\"AP Inter 1st Year Commerce Notes Chapter 3 Forms of Business Organization\" width=\"196\" height=\"17\" \/><\/p>\n<p>\u2192 Sole proprietorship business is owned by only one person and controlled by a single individual.<\/p>\n<p>\u2192 The complete risk in sole proprietorship concern is borne by a sole trader.<\/p>\n<p>\u2192 The sole trade liability is an unlimited liability because the sole proprietorship firm has no separate legal entity.<\/p>\n<p>\u2192 The sole trader and sole proprietorship firms both were the same as per law.<\/p>\n<p>\u2192 To commencement of sole proprietorship firm legal formalities are very less.<\/p>\n<p>\u2192 In sole proprietorship concerns, decisions should be taken by only one person i.e., the sole trader.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Students can go through\u00a0AP Inter 1st Year Commerce Notes 3rd Lesson Forms of Business Organization will help students in revising the entire concepts quickly. AP Inter 1st Year Commerce Notes 3rd Lesson Forms of Business Organization \u2192 Business is one of the human economic activities. Profit is a consideration of business. \u2192 Business is an &hellip;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[15],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/apboardsolutions.guru\/wp-json\/wp\/v2\/posts\/35738"}],"collection":[{"href":"https:\/\/apboardsolutions.guru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/apboardsolutions.guru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/apboardsolutions.guru\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/apboardsolutions.guru\/wp-json\/wp\/v2\/comments?post=35738"}],"version-history":[{"count":1,"href":"https:\/\/apboardsolutions.guru\/wp-json\/wp\/v2\/posts\/35738\/revisions"}],"predecessor-version":[{"id":35739,"href":"https:\/\/apboardsolutions.guru\/wp-json\/wp\/v2\/posts\/35738\/revisions\/35739"}],"wp:attachment":[{"href":"https:\/\/apboardsolutions.guru\/wp-json\/wp\/v2\/media?parent=35738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/apboardsolutions.guru\/wp-json\/wp\/v2\/categories?post=35738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/apboardsolutions.guru\/wp-json\/wp\/v2\/tags?post=35738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}