The function responsible for forwarding voucher checks directly to payees is
A) cash disbursements.
B) accounts payable.
C) internal audit.
D) purchasing.

Question

Quizplus · Accepted Answer

The function responsible for forwarding voucher checks directly to payees is cash disbursements. Cash disbursements are responsible for distributing funds to payees, such as vendors, employees, and other creditors. They do this by issuing checks or using other payment methods. Accounts payable is responsible for keeping track of the company's outstanding bills and payments due, while internal audit oversees the company's internal controls and financial reporting processes. Purchasing is responsible for procuring goods and services for the organization.

The Function Responsible for Forwarding Voucher Checks Directly to Payees