Which department is generally responsible for the notification of the need to make cash disbursements and the maintenance of vendor accounts?
A)Accounting department
B)Purchasing department
C)Accounts payable department
D)Shipping department

Question

Quizplus · Accepted Answer

The accounts payable department is responsible for the notification of the need to make cash disbursements and the maintenance of vendor accounts. The purchasing department is responsible for the acquisition of goods and services, but may provide information to the accounts payable department regarding vendor accounts. The accounting department may oversee the overall financial records, but it is not directly responsible for vendor accounts and cash disbursements. The shipping department is responsible for the shipment of goods, but does not handle financial transactions.

Which Department Is Generally Responsible for the Notification of the Need