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O-LevelAccountingThe fundamentals of accounting7707/13 · Oct/Nov 2024 · Q211 Mark

What is a disadvantage of operating as a sole trader?

AAccess to capital is restricted.
BBook-keeping records are more complex.
CDecisions may take longer to implement.
DThe liability of the owner is limited.

✓ Correct answer

A: Access to capital is restricted.

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About this question

Topic
The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2024 Paper 1 Variant 3, question 21.

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