BE8-3 The internal control procedures in Weiser Company provide that:

(a) Employees who have physical custody of assets do not have access to the accounting records.

(b) Each month the assets on hand are compared to the accounting records by an internal auditor.

(c) A prenumbered shipping document is prepared for each shipment of goods to customers.
Identify the principles of internal control that are being followed.
BE8-4 Knobloch Company has the following internal control procedures over cash receipts.
Identify the internal control principle that is applicable to each procedure.
1. All over-the-counter receipts are registered on cash registers.
2. All cashiers are bonded.
3. Daily cash counts are made by cashier department supervisors.
4. The duties of receiving cash, recording cash, and custody of cash are assigned to different individuals.
5. Only cashiers may operate cash registers.