Post Utme Rhema University 2018 Commerce Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2018 Commerce Objective / Multiple Choice

Question 23 POST_UTME_RHEMA_UNIVERSITY • 2018 • COMMERCE • objective

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

Answer Options

A. To calculate tax liability

Correct Answer B. To prepare financial statements

C. To keep track of business expenses

D. To identify areas of inefficiency

Correct Answer

Correct Option:

To prepare financial statements

About This Question

This is Post Utme Rhema University 2018 Commerce Question 23. It is one of the objective questions from the 2018 Post Utme Rhema University Commerce examination.

View More Post Utme Rhema University 2018 Commerce Questions More Post Utme Rhema 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