To which of the following concerns does the business entity principle not apply?

Partnerships

No worries! We‘ve got your back. Try BYJU‘S free classes today!

LLP's

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Proprietorships

No worries! We‘ve got your back. Try BYJU‘S free classes today!

None of the above

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D
None of the above

Business entity concept applies to each & every type of concern as mentioned above.

Suggest Corrections

Similar questions

'Capital is a liability for the business'.Explain this statement with the principle applied.

Explain the business entity principle with the help of an example.

Explain Full Disclosure and Business Entity principle of accounting.

Join BYJU'S Learning Program