which of the following forms of business enterprises suffer from 'lock of public confidence'because they are not required to publish its accounts legally?
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Lack of public confidence: A partnership firm is not legally required to publish its financial reports or make other related information public. It is, therefore, difficult for any member of the public to ascertain the true financial status of a partnership firm.
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Which of the following forms of business enterprises suffer from a lack of public
confidence because they are not required to publish their accounts legally
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