Which of the following is a distinct legal entity whose total capital is divided into multiple shares?

Choose the correct answer

Explanation

A partnership involves two or more individuals sharing ownership but is not a separate legal entity. Sole proprietorship refers to a business owned by one person without separate legal status. A company, or corporation, is a legally independent entity with capital divided into shares. Non-profit organizations operate for social causes and are not typically divided into shares.

Which of the following is a distinct legal entity wh… — Accounting Mcqs | PakQuizHub