Numerous departments are involved in the fixed assets purchases and payments processes. Choose from the list below one of the departments that is involved in the fixed assets purchases and payment processes.

 

Numerous departments are involved in the fixed assets purchases and payments processes. Choose from the list below one of the departments that is involved in the fixed assets purchases and payment processes.

Operations

Sales

Marketing

Fixed Asset Accounting

 

The correct answer is "Fixed Asset Accounting."

 

Fixed Asset Accounting is one of the departments that is typically involved in the fixed assets purchases and payment processes. This department is responsible for managing the organization's fixed assets, including the acquisition, disposal, and depreciation of these assets. They work closely with other departments, such as purchasing and accounts payable, to ensure that fixed assets are properly accounted for and that purchases and payments related to fixed assets are processed accurately and timely.