Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you please help answer the definitions. Thank you. 2. Match the policy on the left to the type of internal control on the right

Can you please help answer the definitions. Thank you.

image text in transcribed

2. Match the policy on the left to the type of internal control on the right using Excel spreadsheet. See notes below. 1. In a restaurant, the kitchen does not prepare a dish a. Analytical review until a sales order is entered in the computer 2. An electronics shop employee physically counts b. Physical safeguard items on a random basis and compares the count to the perpetual inventory record 3. Sales orders are written by salespeople who have c. Segregation of duties no access to the goods, which are released only by warehouse personnel 4. The warehouse is always locked and access is limited to authorized persons who have keycards 5. A graph of each month's gross margin percentage for the last year is reviewed monthly d. Established system for storing and counting inventory e. Proper documentation monitored properly

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting A Smart Approach

Authors: Mary Carey, Cathy Knowles

4th Edition

0198844808, 9780198844808

More Books

Students also viewed these Accounting questions

Question

Contrast Adlers and Freuds approaches to motivation.

Answered: 1 week ago

Question

State the uses of job description.

Answered: 1 week ago

Question

Explain in detail the different methods of performance appraisal .

Answered: 1 week ago

Question

Who responds to your customers complaint letters?

Answered: 1 week ago