Question

Laurent is starting his own game development business. What is a benefit to separating his personal finances and his business finances? (1 point) Responses potential qualification for business loans potential qualification for business loans accounting is more difficult accounting is more difficult game development budget impacts his personal budget game development budget impacts his personal budget account balance in the business account will stay low

Answer 1

[AI-generated answer — Bot GPT 3.5]

A potential benefit to separating his personal finances and his business finances is that it can make accounting easier. By keeping his personal and business finances separate, Laurent can more easily track and report on his business expenses, revenue, and profits. This can help him make more informed financial decisions for his game development business and ensure that he is accurately monitoring the financial health of his company.