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Personal and business finances should be kept separate. True False
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22 votes
22 votes
Personal and business finances should be kept separate.
True
False

User LightMikeE
by
2.8k points

1 Answer

8 votes
8 votes

Answer:

(True) It is accurate that personal and business finances should be kept separate.

Step-by-step explanation:

Though there are various advantages to keeping your personal and company finances separate, tax and personal security issues are two of the most essential. Keeping track of company spending for tax purposes is significantly easier when you have a separate business account and separating your business and personal funds might be a burden, but it can also assist safeguard your assets in the event of legal action.

User John Winston
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