Post Utme Oau 2018 Accounting Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Oau Accounting examination.

Post Utme Oau 2018 Accounting Objective / Multiple Choice

Question 23 POST_UTME_OAU • 2018 • ACCOUNTING • objective

What is the main difference between a sole proprietorship and a partnership?

Correct Answer A. A sole proprietorship is a business owned by one person, while a partnership is owned by two or more people

B. A sole proprietorship is a business owned by two or more people, while a partnership is owned by one person

C. A sole proprietorship is a business that is registered with the government, while a partnership is not

D. A sole proprietorship is a business that is not registered with the government, while a partnership is

Correct Answer

Correct Option:

A sole proprietorship is a business owned by one person, while a partnership is owned by two or more people

This is Post Utme Oau 2018 Accounting Question 23. It is one of the objective questions from the 2018 Post Utme Oau Accounting examination.

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