Question

New bank loan will be taken nder the authority of....
1.board of directors
2.purchasing department
3.accounting department
4.account payble department​

Answer 1

Answer:

(a). board of directors

Answer 2

New bank loan will be taken under the authority of board of directors

Explanation:

The correct answer is option 1) board of directors

The board of directors is the highest authority in any company.

So the New bank loan will be taken under the authority of board of directors

2.purchasing department: The purchasing department is the department that handles of all items that are needed by the company or organization. New bank loan will be not taken under the authority of purchasing department. So this is wrong answer.

3.accounting department: The Accounting Department is responsible for the preparation of financial statements, maintenance of general ledger, payment of bills, preparation of customer bills, payroll, and more. New bank loan will be not taken under the authority of Accounting Department. So this is wrong answer.

4.account payble department​: Accounts payable is simply the process of managing and paying for goods or services purchased on credit by a business .New bank loan will be not taken under the authority of Accounts payable. So this is wrong answer.