At Thrift}' Variety Store, each sales clerk counts the cash in his or her cash drawer at

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At Thrift}' Variety Store, each sales clerk counts the cash in his or her cash drawer at the end of the day, then removes the cash register tape and prepares a daily cash form, noting any discrepancies. This information is checked by an employee in the cashier's office, who counts the cash, compares the total with the form, and then gives the cash to the cashier. What is the weakness in this system of internal control!'

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Financial Accounting

ISBN: 9780618310746

8th Edition

Authors: Belverd E. Needles Jr,, Marian Powers

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