Only the purchasing department should authorize the processing of a cash disbursement transaction.

Name: Only the purchasing department should authorize the processing of a cash disbursement transaction.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

While the purchasing department may be involved in authorizing certain types of expenditures, ultimately the responsibility for approving cash disbursement transactions should be shared among multiple departments and individuals to ensure proper oversight and prevent fraud or errors.

Only the Purchasing Department Should Authorize the Processing of a Cash