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. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles 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) You Might Also Like Why a retiring or heirs of a deceased partner are entitled to a share of goodwill of the firm? September 27, 2022 Sushil and Satish are partners in a firm sharing profits in the ratio of 3: 2. Their Balance Sheet as at 31st March, 2021 was as follows: November 3, 2022 Why do we add back depreciation to net profit while calculating cash flows from operating activities? (C.B.S.E. 2016, C) October 4, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.