Which One of the Following Functions Should Be Assigned to the Corporate

question 4

Multiple Choice

Which one of the following functions should be assigned to the corporate treasurer rather than to the controller?

• A)Data processing
• B)Cost accounting
• C)Tax management
• D)Cash management
• E)Financial accounting

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Definitions:

Chart of Accounts

A structured list of all the financial accounts in the general ledger of a company.

Two-digit Numbering

Two-digit Numbering is a numerical system that uses two digits to identify or categorize items, often used for coding purposes in various contexts.

Accounts Payable

Funds that a company owes to its suppliers for products or services that have been delivered but remain unpaid.

Journalizing

The act of recording business transactions in the journal, forming the initial step of the accounting cycle.