Question

how business is not equal to businessman explain​

Answer 1

Answer:

This is on the basis of BUSINESS ENTITY CONCEPT

Explanation:

Actually inorder to reduce the liability of the owner from his part it us introduced

1. If he would not have separated then for instance capital would become his asset or capital income and finally st the time of dissolution of the organization even they have profits or losses it would become an asset and will be used for clearing debts.
2. whereas if it is separated then as it is liab to the firm , the firm pays it to the owner and clears liabs with remaining assets..
3. This is not one and only reason for your statement.
4. this is non exhaustive

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