Post Utme Eksu 2021 Commerce Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Eksu Commerce examination.

Post Utme Eksu 2021 Commerce Objective / Multiple Choice
Question 6 POST_UTME_EKSU • 2021 • COMMERCE • objective

In a sole trader business, what is the primary advantage of using a cash basis of accounting?

Answer Options

Correct Answer A. Easier tax compliance
B. Reduced accounting costs
C. Improved cash flow management
D. Enhanced financial reporting
Correct Answer
A
Correct Option:
Easier tax compliance

About This Question

This is Post Utme Eksu 2021 Commerce Question 6. It is one of the objective questions from the 2021 Post Utme Eksu Commerce examination.

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