Businessmen may intentionally not maintain proper accounts
A)to evade taxation.
B)to prevent themselves from destruction of books due to uncertainty.
C)as they are ignorant of the legal entity assumption.
D)as they are ignorant of the double entry accounting principles.

Question

Quizplus · Accepted Answer

Businessmen may intentionally not maintain proper accounts to evade taxation, as this can help them underreport income and thus reduce their tax liabilities.

Businessmen May Intentionally Not Maintain Proper Accounts