Accountancy, asked by s13749611, 2 months ago

Does partnership firm has a separate legal entity? Give reason

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Answered by selenophile7

Answer:

No, a partnership firm does not have a separate legal entity from its partners. Reason: Private assets of the partners can be used to meet the liabilities of the firm in case firm's assets are not adequate to meet its liabilities.

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Answered by Anonymous

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Does partnership firm has a separate legal entity? Give reason​

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Answer:

Does partnership firm has a separate legal entity? Give reason