For each of the following questions appearing on an internal accounting control questionnaire, assume that a "No" answer is given:

1. Is there separation of duties between the journalizing of transactions and posting to subsidiary ledgers?

2. Aie cash registers used for cash receipts?

3. Is voucher preparation and check signing done by different individuals?

4. Are independent counts made of raw materials in storeroom?

5. Are all sales transactions authorized?

6. Are all bad debts write-offs authorized in writing?

7. Are prenumbered checks accounted for periodically?
8. Are prenumbered vouchers used?
9. Are monthly statements sent to customers?
10. Is an accounting procedures manual used?
Required:

a. Describe the error or irregularity that could occur for each of the foregoing weaknesses.

b. Identify the internal control principle involved in each situation.

c. Using the suggested framework for testing of internal accounting control, classify each condition above as either executing transactions, recording transactions, or maintaining custody of assets. (Note: Your answers to \(\mathrm{b}\) and \(\mathrm{c}\) above may be presented in tabular form.)