Post Utme Unilag 2024 Commerce Question 33

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

Post Utme Unilag 2024 Commerce Objective / Multiple Choice
Question 33 POST_UTME_UNILAG • 2024 • COMMERCE • objective

A sole trader has a business bank account in which they deposit all their business income. What is the primary advantage of this arrangement?

Answer Options

Correct Answer A. Separation of personal and business finances
B. Easy access to business funds
C. Reduced tax liability
D. Increased business creditworthiness
Correct Answer
A
Correct Option:
Separation of personal and business finances

About This Question

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

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