Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Gambino's Pizza operates strictly on a carryout basis. Customers pick up their orders at a counter where a clerk exchanges the pizza for cash. While

Gambino's Pizza operates strictly on a carryout basis. Customers pick up their orders at a counter where a clerk exchanges the pizza for cash. While at the counter, the customer can see other employees making the pizzas and the large ovens in which the pizzas are baked. Match the principles of internal control with the examples of each principle that you might observe when picking up your pizza. Documentation procedures - -12345 Independent internal verification - -12345 Physical controls - -12345 Segregation of duties - -12345 Establishment of responsibility - -12345 1. The counter clerk, in handling the pizza, compares the size of the pizza with the size indicated on the order. 2. The counter clerk is responsible for handling cash. Other employees are responsible for making the pizzas. 3. The counter clerk uses your order invoice (ticket) in registering the sale on the cash register. The cash register produces a tape of all sales. 4. Employees who make the pizzas do not handle cash. 5. A cash register is used to record the sale

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

Value Based Management For Accounts Receivable

Authors: Kimberly Don Ketron

1505911184, 978-1505911183

More Books

Students also viewed these Accounting questions

Question

Discuss the satisfactionperformance controversy.

Answered: 1 week ago

Question

Describe the patterns of business communication.

Answered: 1 week ago

Question

3. Provide two explanations for the effects of mass media

Answered: 1 week ago