Post Utme Summit University 2024 Commerce Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Summit University Commerce examination.

Post Utme Summit University 2024 Commerce Objective / Multiple Choice
Question 33 POST_UTME_SUMMIT_UNIVERSITY • 2024 • COMMERCE • objective

A company has a sole trader business structure. The company's sole trader has a personal bank account and a business bank account. What is the primary advantage of having a separate business bank account?

Answer Options

A. It allows for easier tax preparation
Correct Answer B. It helps to separate personal and business finances
C. It provides a higher level of security for business funds
D. It allows for easier access to business funds
Correct Answer
B
Correct Option:
It helps to separate personal and business finances

About This Question

This is Post Utme Summit University 2024 Commerce Question 33. It is one of the objective questions from the 2024 Post Utme Summit University Commerce examination.

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