The mailroom employees send all remittances and remittance advices to the cashier. The cashier deposits the cash

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The mailroom employees send all remittances and remittance advices to the cashier. The cashier deposits the cash in the bank and forwards the remittance advices and duplicate deposit slips to the Accounting Department.

a. Indicate the weak link in internal control in the handling of cash receipts.

b. How can the weakness be corrected?

objs. 4, 5

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Financial Accounting

ISBN: 9780324380675

10th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Jun 10, 2024 01:26 AM

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The mailroom employees send all remittances and remittance advices to the cashier. The cashier deposits the cash

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Financial Accounting

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