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  3. which of the following statements about a sole trader isare...

Question: which of the following statements about a sole trader isare...

Question details

Which of the following statement/s about a sole trader is/are correct:

A  A sole trader is required to register their business.

B  A sole trader has limited liability, which means that he/she has limited access to funds.

C  A sole trader has continuity of existence, which means that he/she can leave the business to children by will.

D  A sole trader has unlimited liability, which means that personal as well as business assets can be claimed by creditors.

A, B, C and D.
A and D.
All of the above.
A, C and D.
D.
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