Jimmy is a sole proprietor of a small dry cleaning business. This month Jimmy paid for his

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Jimmy is a sole proprietor of a small dry cleaning business. This month Jimmy paid for his groceries by writing checks from the checking account dedicated to the dry cleaning business. Why do you suppose Jimmy is using his business checking account rather than his personal checking account to pay for personal expenditures?
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Related Book For  answer-question

Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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