Post Utme Pan Atlantic University 2017 Commerce Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2017 Commerce Objective / Multiple Choice
Question 21 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • COMMERCE • objective

In a sole proprietorship, the owner's personal assets are

Answer Options

Correct Answer A. liable for all business debts
B. liable for business debts but not personal assets
C. not liable for business debts
D. liable for personal assets but not business debts
Correct Answer
A
Correct Option:
liable for all business debts

About This Question

This is Post Utme Pan Atlantic University 2017 Commerce Question 21. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Commerce examination.

View More Post Utme Pan Atlantic University 2017 Commerce Questions More Post Utme Pan Atlantic University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support