The ________ usually assumes responsibility for the custody of cash.

Question

Quizplus · Accepted Answer

The treasurer typically assumes responsibility for the custody of cash. The controller may be involved in overseeing financial transactions, but the treasurer is specifically responsible for managing cash and other financial assets. The purchasing agent is responsible for acquiring goods and services, while the manager oversees the daily operations of a company or department. The vendor is a supplier of goods or services, and would not be responsible for the custody of cash.

The ________ Usually Assumes Responsibility for the Custody of Cash