Post Utme Igbinedion University 2018 Commerce Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2018 Commerce Objective / Multiple Choice
Question 21 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • 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 Igbinedion University 2018 Commerce Question 21. It is one of the objective questions from the 2018 Post Utme Igbinedion University Commerce examination.

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