Revision class 1_Business Orgs
1 / 2
Lesson duration is: 60 minItems in this lesson
Slide 1 - Slide
With regard to types of business organisations, which of the following statements is FALSE?
A
partners are accountable to each other - they bear the consequences of each other's decisions and the acts of one partner bind all other partners
B
For a sole trader, if the business gets into financial difficulty, the creditors can call on the personal wealth of the sole trader to settle business debts
C
A sole trader's business is not regulated by CH but the business must still file annual accounts and returns with CH
