The authority for disbursing cash for vendor payments or payroll disbursements normally resides with which of the following?

Question

Quizplus · Accepted Answer

The treasurer is typically responsible for disbursement of cash for vendor payments or payroll disbursements. The treasurer is responsible for managing the organization's cash and ensuring that it is used effectively to meet the organization's objectives. The cash disbursements clerk would be responsible for processing the payments but would not have the authority to approve the disbursement of cash. The credit manager would be responsible for managing the credit and collections policies of the organization and would not typically have authority over cash disbursements. The purchasing agent would be responsible for purchasing goods and services for the organization but would not have the authority to approve the disbursement of cash for those purchases.

The Authority for Disbursing Cash for Vendor Payments or Payroll