Which of the Following Statements Is True

question 3

Multiple Choice

Which of the following statements is true?

• A)To conserve resources, it is best if the owner uses one Checking account for both personal and business purposes
• B)To maintain separation between the personal and business accounting records, the owner's personal Checking account should not be used to pay bills for the business and should not be listed in the business' Chart of Accounts
• C)To maintain more consistent records, it is best if the owner maintains a separate personal Checking account, but both the owner's personal Checking and business Checking accounts are listed in the Chart of Accounts
• D)None of these

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Definitions:

Life-threatening

A condition or situation that poses a serious risk to one’s survival or wellbeing.

Allergic Reaction

The immune system's exaggerated response to a foreign substance, which can range from mild irritation to severe, life-threatening conditions.

Adrenaline

An internal secretion derived from the adrenal glands; can be commercially prepared from animal glands; acts as a stimulant.

Epstein Barr

A common virus that causes mononucleosis, often referred to as "mono" or the "kissing disease," which can lead to prolonged fatigue and other symptoms.