The custodian of a company asset should A. be someone outside the company. B. be an accountant. C. have access to the accounting records for that asset. D. not have access to the accounting records for that asset.

The custodian of a company asset should A. be someone outside the company. B. be an accountant. C. have access to the accounting records for that asset. D. not have access to the accounting records for that asset.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

Problem 5DQ

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Question

The custodian of a company asset should

A. be someone outside the company.

B. be an accountant.

C. have access to the accounting records for that asset.

D. not have access to the accounting records for that asset.

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