Management of Cash Is the Responsibility of the Company

question 36

Multiple Choice

Management of cash is the responsibility of the company

• A)accountant.
• B)president.
• C)treasurer.
• D)vice-president.

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Definitions:

Invoice

A notice from the seller to the buyer, detailing the items, their quantities, and the prices settled upon for the goods or services supplied.

Payments

Transactions by individuals or entities to transfer money in exchange for goods or services.

Overhead Expenses

The ongoing expenses associated with running a business that are not directly tied to the production of goods or services.

Mark-up

An extra charge applied to the base cost of products to accommodate for overheads and earnings, culminating in the final asking price.