INTERNAL CONTROL PROCEDURES FOR CASH RECEIPTS Sean and Liz Kinsella are planning to open and operate a
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INTERNAL CONTROL PROCEDURES FOR CASH RECEIPTS Sean and Liz Kinsella are planning to open and operate a coffee shop on a university campus. Sean and Liz are concerned that part of the cash that customers pay for food might be kept by some of the store’s employees.
Required:
Identify some internal control procedures that could help ensure that all cash paid by customers is remitted to the business.
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Related Book For
Cornerstones Of Financial Accounting Current Trends Update
ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen
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