Post Utme Lautech 2022 Commerce Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Lautech Commerce examination.

Post Utme Lautech 2022 Commerce Objective / Multiple Choice

Question 23 POST_UTME_LAUTECH • 2022 • COMMERCE • objective

A sole trader in Nigeria is required to keep records of all financial transactions. What is the primary purpose of these records?

Answer Options

A. To calculate tax liabilities

Correct Answer B. To prepare financial statements

C. To identify areas for cost reduction

D. To track cash flow

Correct Answer

Correct Option:

To prepare financial statements

About This Question

This is Post Utme Lautech 2022 Commerce Question 23. It is one of the objective questions from the 2022 Post Utme Lautech Commerce examination.

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