Answered: Define treasurer

Business

Accounting

Define treasurer

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 16Q: Describe the concept of responsibility accounting.

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Question

Define treasurer

Expert Solution

Step 1

Treasurer is the person who manages or looks into the financial affairs of the organization.

So, treasurer is an officer entrusted with the receipt, care and disbursement of the funds of the organisation.

Step by step

Solved in 2 steps

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Monitoring By the Board of Directors and Others

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