If the Treasury and Controller Functions Are Independent,which of the Following

question 7

Multiple Choice

If the treasury and controller functions are independent,which of the following should be assigned to the controller to maintain effective control?

• A) Approval of disbursements
• B) Responsibility for check signing
• C) Custody of short-term investment securities
• D) Authorization of write-offs of accounts receivable

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Definitions:

Arguments

Values or variables passed to a function, procedure, or command that influence its execution or operation.

Methods

Functions or procedures associated with a class or object in object-oriented programming, used to perform specific operations or behaviors.

Collection Class

A class in programming that implements the collection interface, providing data structures for storing and manipulating groups of objects.

Objects

Instances of classes in object-oriented programming, representing entities with state and behavior.