Monday
March 2, 2015

Homework Help: business

Posted by vivian on Monday, October 25, 2010 at 11:36pm.

Listed below are five procedures followed by The Beat Company.
Several individuals operate the cash register using the same register drawer.
A monthly bank reconciliation is prepared by someone who has no other cash responsibilities.
Ellen May writes checks and also records cash payment journal entries.
One individual orders inventory, while a different individual authorizes payments.
Unnumbered sales invoices from credit sales are forwarded to the accounting department every four weeks for recording.
Indicate whether each procedure is an example of good internal control or of weak internal control. If it is an example of good internal control, indicate which internal control principle is being followed. If it is an example of weak internal control, indicate which internal control principle is violated. Use the table below

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

algebra - A cash register contains only five dollar and fifty dollar bills. It ...
business - Tavarez Company assembled the following information in completing its...
accounting - Bill has just started working for a major grocery store as a check-...
Algebra - Every item in the Just a Dollar store is priced at $1.00. When Mary Jo...
Math - A woman owns a small, cash-only business in a state that requires her to ...
Math - Every item in the Just a Dollar store is priced at $1.00. When Mary Jo ...
Algebra - please help me im confused. Every item in the Just a Dollar store is ...
Math - Every item in the Just a Dollar store is priced at $1.00. When Mary Jo ...
m/c - Every night before closing, the night manager counts the amount of money ...
finance - For this assignment, imagine you are the accountant for Floral Design ...

Members