Business Studies

Every business undertaking is _______ entity.


ANSWER

an independent


SOLUTION
Every business undertaking is an independent entity. It has its own assets and liabilities. It has its own way of functioning. The profits earned or losses incurred by one firm cannot be accounted for by any other firm. It has its own assets and liabilities. The debts owned by one undertaking cannot be recovered from any other undertaking.
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Single Correct Medium Published on 18th 08, 2020
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