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Harshit tiwari

Stealth • 5m

Anyone please explain following questions :- What is difference between loss & liabilities? If I go for sole proprietorship ,then is it mandatory to file compliance ? Can I hire employees in sole proprietorship? Can I use saving account for sole pr

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Shrutika

Stealth • 5m

Loss is thing if you sale a product at 2 rs and the making cost was 3rs Then loss is one rs Where as if you took loan to make that product i.e 3rs Then the liability is 3 rs , 2 ) Yes You can hire employees, As My Mother is Sole Proprietor

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Shrutika

Stealth • 5m

Sorry not 3rd it might be 4th , That much I know, I explained but still my ans is not Adequate, Someone will must Explain better

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