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Format Tools Table Window Help Internal Control (3) Saved to my MARS Mailings Review View Tell me el Aalbode Aabende References A A AaBbCcDc ABCDE
Format Tools Table Window Help Internal Control (3) Saved to my MARS Mailings Review View Tell me el Aalbode Aabende References A A AaBbCcDc ABCDE Aa Heading 2 Normal No Spacing T |t) After comparing cash register tapes with inventory records, the accountant for Teri's Treats for Tots is concerned that someone at one of the stores is not recording some of that store's cash sales and is stealing the cash from the unreported sales. a) Explain why a comparison of sales and inventory records would reveal a situation in which cash sales are not being recorded and cash from those sales is being stolen. b) Describe how an employee might be able to steal cash from sales. c) Describe how a customer that pays cash at the store could help make the theft more difficult. d) List at least five internal control procedures would you recommend to make the theft more difficult Inited States - Focus ctv MacBook Air 2) Wheels-a -Rolling manufactures bicycles. The factory foreman determines when orders for materials are necessary. The orders are sent to the purchasing department that places orders with the vendors recommended by the factory foreman. When the materials are received, they are immediately delivered to a central storeroom. When invoices are received for the items purchased, they are sent to the accounting department for payment. The accounting department compares the invoices with purchase orders. If the two documents are in agreement, the invoice is approved for payment. The accounting department prepares checks that are signed by the company treasurer. Required: Recommend three improvements in the company's procedures that will provide better internal control. Include a description of the fraud or error each would circumvent
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