Does Partnership firm has a separate legal entity? Given reason in support of your answer.

Anurag Pathak
April 4, 2023
[CBSE] Fundamentals of Partnership Firm, Accountancy Class 12th

2.27K viewsApril 9, 2023[CBSE] Fundamentals of Partnership Firm Accountancy Class 12th

Anurag Pathak30.76K April 4, 2023 0 Comments

Does Partnership firm has a separate legal entity? Given reason in support of your answer.

Anurag Pathak Changed status to publish April 9, 2023

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Anurag Pathak30.76K Posted April 4, 2023 0 Comments

No, the Partnership firm does not have a separate legal entity from its partners.

Since the firm’s debts are payable from the personal assets of the partners if the firm is unable to repay its liabilities.

Anurag Pathak Answered question April 4, 2023

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Does Partnership firm has a separate legal entity? Given reason in support of your answer.

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Anurag Pathak

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