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Internal Control of Cash Receipts The mailroom employees send all remittances and remittance advices to the cashier. The cashier deposits the cash in the bank
Internal Control of Cash Receipts
The mailroom employees send all remittances and remittance advices to the cashier. The cashier deposits the cash in the bank and forwards the remittance advices and
duplicate deposit slips to the Accounting Department.
a Indicate the weak link in internal control in the handling of cash receipts.
b How can the weakness be corrected?
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappett
23rd edition
1259536351, 978-1259536359
