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Determine whether each cash receipts procedure is an internal control strength or weakness. Strength or Weakness Cash receipts 1. If a sales clerk makes an
Determine whether each cash receipts procedure is an internal control strength or weakness. Strength or Weakness Cash receipts 1. If a sales clerk makes an error in recording a cash sale, they can access the register's electronic record to correct the transaction. 2. One of the two employees tasked with opening mail is also the recordkeeper for the business. 3. The supervisor has access to both cash and the accounting records. 4. Receipts are given to customers for only sales that are above $20. Salesclerks are not required to enter the sale in the register after each transaction. Instead, the 5. company gives employees flexibility to enter sales at the end of the day or week. 6. The recordkeeper of cash transactions is also in charge of depositing cash receipts in the bank
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