A responsibility that should be assigned to a specific employee and not shared jointly is that of:
A)Access to the company's safe deposit box
B)Placing orders and maintaining relationships with a prime supplier
C)Attempting to collect a particular delinquent account
D)Custodianship of the petty cash fund

Question

Quizplus · Accepted Answer

The custodianship of the petty cash fund should be assigned to a specific employee to ensure accountability and to prevent misuse or theft. Assigning this responsibility to one person allows for clear tracking of petty cash transactions and simplifies the process of auditing the fund.

A Responsibility That Should Be Assigned to a Specific Employee