Post Utme Futa 2023 Commerce Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Futa Commerce examination.

Post Utme Futa 2023 Commerce Objective / Multiple Choice
Question 27 POST_UTME_FUTA • 2023 • COMMERCE • objective

A sole trader's business is not required to file annual accounts with the registrar of companies. However, the sole trader must still prepare and keep financial records for tax purposes. What type of financial records would the sole trader need to keep?

Answer Options

Correct Answer A. Cash book
B. Ledger
C. Trial balance
D. Profit and loss account
Correct Answer
A
Correct Option:
Cash book

About This Question

This is Post Utme Futa 2023 Commerce Question 27. It is one of the objective questions from the 2023 Post Utme Futa Commerce examination.

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