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A: The correct answer is given in the second step.
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A: *Answer:
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A: Sole proprietor means that the entire business is controlled by single person.
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A: Shareholders are the owners of a company. They have ownership rights in the shares of corporation.…
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A: Need for financial statements in organisations:- Financial statements help to find out profitability…
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A: Ratio analysis is used to know about the liquidity of the company.
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