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What is status of partnership from …

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What is status of partnership from an accounting viewpoint?

    • Posted by Sharan Kaur 6 years, 7 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Tripti Rawat 6 years, 7 months ago

    From an accounting viewpoint, partnership is a separate business entity. From legal viewpoints, however, a Partnership, like a sole proprietorship, is not separate from the owners.

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