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Wong has the following internal controls over cash receipts and cash payments. Identify the control activity that is applicable to each item in the table
Wong has the following internal controls over cash receipts and cash payments. Identify the control activity that is applicable to each item in the table shown below: Activity 1 All cash is deposited intact, in the bank account, daily. Ui All payments, except for petty cash transactions, are made by cheque. > 6 Cheque signers are not allowed to record cash payment transactions. 7 Company cheques are pre-numbered. > > > 00 Daily cash counts are made by cashier department supervisors. 9 Only cashiers may operate cash registers. > 10 Only the controller or assistant controller may sign cheques. 11
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