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What is the status of partnership firm from an accounting viewpoint?

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

From an accounting view point, partnership firm is a separate business entity from the partners.


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Previous PostDoes partnership firm has a separate legal entity? Give reason in support of your answer. (Delhi 2017)
Next PostGive the meaning of ‘Liability of Partners’ as a feature of partnership. (C.B.S.E 2020)

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