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Which of the Following Statements Is True of the Financial

Question 67

Multiple Choice

Which of the following statements is true of the financial functions of an organization?


A) The finance function of an organization can be divided into two distinct areas: primary activities and support activities.
B) The auditing function involves receiving money from customers and using that money to pay employees,suppliers,and all other creditors (taxes and the like) ,with hopefully enough left over to create a profit that can be either reinvested back into the business or paid out to owners/shareholders.
C) The financial transactions function offers certification of an organization's financial statements,or "books," as being accurate by an impartial third-party professional.
D) The accounting function keeps track of all those financial transactions by documenting the money coming in and money going out and balancing the accounts at the end of the period.

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