Information about financing and investing activities for use in making general ledger entries is typically provided by the
A) budget department.
B) controller.
C) treasurer.
D) chief executive officer.

Question

Quizplus · Accepted Answer

Financing and investing activities are typically managed by the treasurer who is responsible for managing the company's funds and investments. The treasurer provides information to the accounting department for use in making general ledger entries. The budget department is responsible for preparing and maintaining the company's budget, not for financing and investing activities. The controller oversees the accounting department, but may not have direct involvement in financing and investing activities. The chief executive officer is responsible for the overall management of the company, but may not have specific information on the day-to-day financing and investing activities.

Information About Financing and Investing Activities for Use in Making