Question
BACKGROUND You have started your new role as the Assistant Bar Manager for a bar that is owned by a family. The bar is a
BACKGROUND
You have started your new role as the Assistant Bar Manager for a bar that is owned by a family. The bar is a very popular spot with the locals and is generally very busy. It also has no internal control policies.
The Bar Manager you report to is concerned because the cost of sales for Liquor and for Beer have been steadily rising over the past few months. He does not know the reason and has asked you to a) investigate and b) create internal control policy that covers:
- Purchasing
- Receiving
- Inventory Control
- Making certain all drinks are rung up.
In the area below, describe the internal control procedures you would propose, and why?
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Horngrens Accounting
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann Johnston, Peter R. Norwood
11th Canadian Edition Volume 2
0135359783, 978-0135359785
