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Introduction to Book Keeping and Accountancy — Book Keeping & Accountancy STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancyIntroduction to Book Keeping and Accountancy2 Marks
Question
The trading concern is established for rendering services to society.
✓

Answer

This statement is False.
The main objective of trading concern is to earn profit. It is for traders’ livelihood, so the trading concern is not established for rendering services to the society.

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