What internal control procedures would you recommend in each of the following situations? a. Fox Lunches has

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What internal control procedures would you recommend in each of the following situations?

a. Fox Lunches has one employee that sells sandwiches at a stand next to a college campus. Each day, the employee is given enough sandwiches to last through the lunch period and enough cash to make change. The money is kept in a box at the lunch stand.

b. A used goods variety store has one employee that is given cash and sent to garage sales each weekend. The employee pays cash for merchandise to be resold at the variety store.

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Financial Accounting

ISBN: 9780256091939

5th Edition

Authors: Kermit D. Larson, Paul B. W. Miller

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