Which out of the following is true about legal entity concept with regard to a sole enterprise?

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Which out of the following is true about legal entity concept with regard to a sole enterprise?
(a) Entity of owner is separate from the business enterprises.
(b) Entity of owner and of the business enterprises is same.
(c) It depends on the nature and scale of business.
(d) None of these.

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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