Question

Assume Dr. Early is an independent contractor for Pharzime and that Pharzime allows Dr. Early to spend money to take doctors who may be interested in buying Gensol to lunch and other events to entertain them. Pharzime sends a notice to Dr. Early that it wants to know how much money has been spent in the past two months on such activities. Dr. Early must give Pharzime this information based on his:a. duty of bookkeeping.b. duty of open payments.c. duty of accounting.d. duty of notification.

Answer 1

Answer:

C. Duty of accounting.

Explanation:

Duties of accounting are documents financial transactions by entering account information. Recommends financial actions by analyzing accounting options. Summarizes current financial status by collecting information; preparing balance sheet, profit and loss statement, and other reports.