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When you pay for goods at La Tienda Foods, the cash register displays the amount of the sale, the cash received, and any change returned
When you pay for goods at La Tienda Foods, the cash register displays the amount of the sale, the cash received, and any change returned to you. Suppose the register also produces a customer receipt but keeps no record of the sales transactions. At the end of the day, the clerk counts the cash in the cash register and gives it to the cashier for deposit in the company bank account. Required Complete the memo to Mia Francesca, the owner. Identify the internal control weakness over cash receipts, and explain how the weakness gives an employee the opportunity to steal cash. State how to prevent such a theft TO: Mia Francesca With no record of There is a weakness in internal control over cash receipts from customers. The cash registers keep a record of register, there is no way to determine how much cash should be in the cash drawer. This omission makes it easy for the cashier to locked in the cash and not get caught Click to select your answer(s) and then click Check Answer. hansi
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