Thank you very much. This is great now. Appreciate all your help and revisions. Thank you once again! You did a wonderful job.
The following control procedures are used in Kelton Company for over-the-counter cash receipts.
(a) For each procedure, explain the weakness in internal control and identify the control principle that is violated.
|1.||Each store manager is responsible for interviewing applicants for cashier jobs. They are hired if they seem honest and trustworthy.|
|2.||All over-the-counter receipts are registered by three clerks who share a cash register with a single cash drawer.|
|3.||To minimize the risk of robbery, cash in excess of $100 is stored in an unlocked attaché case in the stock room until it is deposited in the bank.|
|4.||At the end of each day the total receipts are counted by the cashier on duty and reconciled to the cash register total.|
|5.||The company accountant makes the bank deposit and then records the day’s receipts.|
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more