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In order to increase the capital owned, a sole trader may

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  • 📢 Earnings
Commerce JAMB 2013

In order to increase the capital owned, a sole trader may

  • seek for bank loan
  • issue debentures
  • acquire extra shop fittings on credit
  • draw less of his profit for personal use checkmark

The correct answer is: D

Explanation

A sole trader can raise capital for the business by ploughing back profit. That is, re-investing the profits realised from the business instead of using it for personal needs

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