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Whose liability is limited to the extent of value of business assets and his private assets?

9. Whose liability is limited to the extent of value of business assets and his private assets?

  1. Partnership Firm
  2. Sole Proprietorship
  3. Co-Operative Society
  4. HUF

Answer: B) Sole Proprietorship

Explanation:

The liability of a sole proprietor is limited to the extent of the value of business assets and all private assets.

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