Read the articleProtect Small Business (https://www.journalofaccountancy.com/issues/2003/mar/protectsmallbusiness.html) , and consider this scenario: Some restaurants use customer checks with
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Question:
Read the articleProtect Small Business (https://www.journalofaccountancy.com/issues/2003/mar/protectsmallbusiness.html) , and consider this scenario:
Some restaurants use customer checks with pre-numbered sequence codes. Each food server uses these checks to write up customer orders. Food servers are told not to destroy any customer checks; if a mistake is made, they are to void that check and write a new one. All voided checks are to be turned in to the manager daily. How does this policy help the restaurant control cash receipts? Do you think there is a more efficient way to control cash receipts? Explain.
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