From your employment or personal experiences, think of situations in which cash has been received or disbursed.
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From your employment or personal experiences, think of situations in which cash has been received or disbursed.
\section*{Instructions}
Form groups of five or six students.
(a) Identify the internal control principles used for cash receipts.
(b) Identify the internal control principles used for cash disbursements.
(c) Identify any weaknesses in internal control related to cash receipts and disbursements.
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9780471169192
1st Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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