The Part of a Company That Is Responsible for Balance

question 42

Multiple Choice

The part of a company that is responsible for balance sheet funding,managing cash flows and financial risk management is the:

• A) accounting and reporting division.
• B) management and audit division.
• C) treasury division.
• D) tax management division.

---

Definitions:

Cash Payments Journal

A business ledger documenting every cash disbursement, covering costs, acquisition of assets, and settlement of debts.

Purchases Journal

A specialized accounting journal used to record all purchases of merchandise on credit.

Special Journal

A financial journal designed for recording a specific type of transaction, helping in streamlining and categorizing financial entries.

Cash Receipts Journal

An accounting journal used to record all receipts of cash, including sales made for cash and payments received from debtors.