Mr Govind is going for a foreign assignment for a period of three years He sold all his - Business Studies - Business Trade and Commerce

Question

Mr Govind is going for a foreign assignment for a period of three
years He sold all his furniture and earned money more than he spent
to purchase the same Will it be considered as a business? Also
explain the characteristic of business which is being stressed upon
in the above said example

Deepti · Answer

no as loss only goes on and this is not on daily or regular basis

Mr Govind is going for a foreign assignment for a period of three years . He sold all his furniture and earned money more than he spent to purchase the same. Will it be considered as a business? Also explain the characteristic of business which is being stressed upon in the above said example.