A bank reconciliation takes time and must balance. An employee was struggling in balancing the bank reconciliation.

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A bank reconciliation takes time and must balance. An employee was struggling in balancing the bank reconciliation. Her supervisor told her to “plug” (make an unsupported entry for) the difference, record to Miscellaneous Expense, and simply move on. Discuss the internal controls problem with this directive.

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781947172685

1st Edition

Authors: Patty Graybeal, Mitchell Franklin, Dixon Cooper

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