Post Utme Elizade University 2019 Commerce Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2019 Commerce Objective / Multiple Choice
Question 12 POST_UTME_ELIZADE_UNIVERSITY • 2019 • COMMERCE • objective

A sole trader's business is not registered with the Corporate Affairs Commission (CAC). Which of the following is a consequence of this?

Answer Options

A. The sole trader is not required to file tax returns.
B. The sole trader is not required to pay Value Added Tax (VAT).
C. The sole trader is not entitled to claim business expenses on tax returns.
Correct Answer D. The sole trader is not protected from personal liability.
Correct Answer
D
Correct Option:
The sole trader is not protected from personal liability.

About This Question

This is Post Utme Elizade University 2019 Commerce Question 12. It is one of the objective questions from the 2019 Post Utme Elizade University Commerce examination.

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