Question

A company holds bearer bonds as a short-term investment. Responsibility for custody of these bonds and submission of coupons for periodic interest collections probably should be delegated to the?

1) Cashier
2) Internal auditors
3) Treasurer
4) Chief accountant

Answer 1

The Treasurer is typically responsible for custody of bearer bonds and submission of coupons for periodic interest collections.

Step-by-step explanation:

The responsibility for custody of bearer bonds and submission of coupons for periodic interest collections probably should be delegated to the Treasurer of the company.

The Treasurer is typically in charge of managing the company's finances, which includes handling investments such as bearer bonds. They are responsible for the safekeeping of the bonds and ensuring that the coupons are submitted in a timely manner to collect the interest payments.

The Cashier, Internal auditors, and Chief accountant may have different roles and responsibilities within the company related to financial management, but they may not have direct responsibility for custody and submission of bearer bonds and coupons.