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Listed below are four potential errors or problems that could occur in the processing of cash transactions. Aeview each error or problem and using the
Listed below are four potential errors or problems that could occur in the processing of cash transactions. Aeview each error or problem and using the drop-down answer box located beneath each one, identify an internal control principle that could teduce the chance of the errior or probsem occurring, 5 elect "None' if none of the principles will correct the errar or probiem. 1. An empiovee steals cash collocted fram a eiubimar ar counts receivable and hides the theft by issuing a credit memorandum indicating the customer retumed the merchandise. 2. An offical wath authonity to sign checks is able to steal hank checks and issue them wathout detection. 1. Duh to a labor shertsee manv emolovees ate hired without sutficient skils with the thought they can "learh on the job." 4. A salespersan otten rines un a sale for leck than tha arniaf amount and then pockets the additional cash collected from the customet
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