Which of the following is/are important activities of an organisation’s Accounts Department?

Question

Question: Which of the following is/are important activities of an organisation’s Accounts Department?

Options:

1. Keeping control on cash
2. Investments of funds
3. Processing bills
4. Reconciling bank statements
5. All of the above

Answer 1

5. All of the above

Keeping control on cash, investments of funds, processing bills, reconciling bank statements and others are important activities of an organisation’s Accounts Department.

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More info:

In any organisation, the Accounts Department is held the responsibilities like:

1. Keeping control on cash
2. Investments of funds
3. Processing bills
4. Reconciling bank statements
5. Others