A legal person is defined as a separate legal entity that owns assets, has liabilities, pays taxes, can enter into contracts and can be sued in court. | Accounting concepts

Title

A legal person is defined as a separate legal entity that owns assets, has liabilities, pays taxes, can enter into contracts and can be sued in court.

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A legal person is defined as a separate legal entity that owns assets, has liabilities, pays taxes, can enter into contracts and can be sued in court.

Subject: 

  • Accounting

Category: 

  • Accounting concepts