Businesses might want to have multiple checking accounts to provide various functions.What type checking account would a business NOT want to have?
A)Salaried Payroll
B)Operations related
C)Owner's personal expenses
D)Hourly Payroll

Question

Quizplus · Accepted Answer

A business should not have a checking account dedicated to the personal expenses of the owner. Business expenses and personal expenses should be kept separate for accounting and tax purposes. The other three options are all common types of checking accounts that a business might have for various functions.

Businesses Might Want to Have Multiple Checking Accounts to Provide