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Listed beiow are seven errors or problems that might occur in the processing of cash transactions. Also shown is a list of internal control principles.

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Listed beiow are seven errors or problems that might occur in the processing of cash transactions. Also shown is a list of internal control principles. Evaluate each possible error and cite a principle that is listed that would reduce the probability of the error occurring If none of the principles given will correct the problem write "None" If you think more than one principle is appropriate, list all principles that apply. 3. The official designated to sign checks is able to steal blank checks and issue them without fear of detection 4. A sales clerk in serving customers otten rings up a sale for less than the actual amount and then keeps the additional cash collected from the customer. 5. Threecashiers use one cash register drawer and the cashin the drawer is oftenshort of the balance kept on hand. 6. Each cashier counts his own register drawer each day and verbally reports the results to the supervisor. 7. Cashiers with over 5 years of experience are not bonded. sorefor cuter Attempts: 0 of 1 used

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