Of the Following Duties,it Is Most Important to Separate

question 53

Multiple Choice

Of the following duties,it is most important to separate

• A)warehouse from stores
• B)warehouse from inventory control
• C)accounts payable and accounts receivable
• D)purchasing and accounts receivable

---

Definitions:

Accounting

The systematic process of recording, measuring, and communicating financial information about economic entities.

Investments

Assets purchased with the aim of generating income or appreciating in value over time, such as stocks, bonds, real estate, or other investments.

Equity Method

An accounting technique used to record investments in other companies where the investor holds significant influence but not full control or majority ownership.

Dividends

Payments made by a corporation to its shareholders, typically from profits, on a per-share basis.