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  book-img-for-question

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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