Accountancy, asked by ziyazaidi177, 11 months ago

Capital contributed by owners is recorded as liability as per which concept

Answers

Answered by chitraksh68

Answer:

Separate legal entity concept :A company is a separate legal entity as distinct from its members, therefore it is separate at law from its shareholders , directors , promoters etc and as such is conferred with rights and is subject to certain duties and obligations.

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