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Accounting Internal Controls - A local cinema has implemented a number of internal controls in their business. For each example below, identify and explain the
Accounting Internal Controls -
A local cinema has implemented a number of internal controls in their business. For each example below, identify and explain the principle of internal control that applies.
Example | Principle of Internal Control | Explanations | |
(a) | A cashier is responsible for collecting money and issuing printed tickets to customers. A door attendant is responsible for scanning customers tickets before permitting them entry into the movie theatre. | ||
(b) | Movie tickets show both a unique serial number and barcode. |
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