Which of the Following Duties Is Usually Assigned to the Controller

question 151

Multiple Choice

Which of the following duties is usually assigned to the controller?

• A)receiving, maintaining custody of, and disbursing monies and securities
• B)directing the granting of credit to clients
• C)investing the organization's funds
• D)tax planning

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Definitions:

Advisory Services

Professional services that provide expert advice to businesses or individuals in areas such as finance, management, strategy, or operations.

Office Supplies

Items such as pens, paper, staplers, and scissors, which are used regularly in an office environment for various tasks.

E-commerce

The buying and selling of goods and services using the internet, and the transfer of money and data to execute these transactions.

Subsidiary Ledger

A detailed ledger containing account information that supports the summary amounts recorded in a general ledger.