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April 27, 2015

Homework Help: accounting

Posted by carmen on Sunday, December 19, 2010 at 9:18pm.

Please help me. acc225 Internal control
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•Complete Exercise 8-1
What internal control procedures would you recommend in each of the following situations?
1. A concession company has one employee who sells T-shirts and sunglasses at the beach. Each
day, the employee is given enough shirts and sunglasses to last through the day and enough cash
to make change. The money is kept in a box at the stand.
2. An antique store has one employee who is given cash and sent to garage sales each weekend. The
employee pays cash for this merchandise that the antique store resells.

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