Post Utme Ui 2019 Commerce Question 31

Practice objective / multiple choice question 31 from the 2019 Post Utme Ui Commerce examination.

Post Utme Ui 2019 Commerce Objective / Multiple Choice
Question 31 POST_UTME_UI • 2019 • COMMERCE • objective

In a sole trader business, what is the primary advantage of using a cash basis of accounting?

Answer Options

Correct Answer A. Easier tax compliance
B. Reduced accounting costs
C. Improved cash flow management
D. Enhanced financial reporting
Correct Answer
A
Correct Option:
Easier tax compliance

About This Question

This is Post Utme Ui 2019 Commerce Question 31. It is one of the objective questions from the 2019 Post Utme Ui Commerce examination.

View More Post Utme Ui 2019 Commerce Questions More Post Utme Ui 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