Pizza restaurant operations are cash sensitive, and , in some cases, employees can remove currency from the register before sales are recorded. In many smaller and family owned pizza resturants, documentation of income and expenses may be lacking.

The pizza villa is a small restaurant selling pizza for a delivery and to walk in customers. there are no facilities for consuption on the premises. Cash and credit cards are accepted. Ninety percent of the transactions are on cash basis.

The pizza villla operates 7 days a week, from 11am to 2am. one person owns the business. therefore it is impossible to monitor operations at all times. the restaurant staff consist of relatives, friends, and other employees. the pizza villa is extremely popular and profitable.

Sales are rung on a cash register, and readings are taken daily. Cash is deposited daily after it is reconciled with the sales readings. no employees are paid with cash; instaed, all employees are paid by check. vendors are paid by check. A petty cash fund is maintained for incidentals. a voucher must support any paid outs.

1. identify the areas that make theft attractive and possible.

2. describe how cash could be stolen.

3. explain whether and why the owner should be concerned that friends and relatives might steal cash from him

4. identify some basic requirements of internal control for cash

5. explain several procedures the owner could use to examine the validity of sales.

Please explain Thoroughly