Question
Your small business client, Phillips Computer Repair Shop, is experiencing financial difficulties and has to lay off one of its four employees in the accounting
Your small business client, Phillips Computer Repair Shop, is experiencing financial difficulties and has to lay off one of its four employees in the accounting area. Phillip has asked you to determine what duties should be assigned to the three remaining employeesAbigail, Bryan, and Christo maintain the best separation of duties.
Required:
Assign the following duties to each of the three employees.
(The image provided is from my attempt at the question. However, I am curious as to why I got the following guesses incorrect and what is the correct answer for d,g,h,i.).
Answer is complete but not entirely correct. \begin{tabular}{|l|l|} \hline a. Reconcile bank statement. & Abigail \\ \hline b. Open mail and list checks. & Bryan \\ \hline c. Prepare checks for Phillip's signature. & Chris \\ \hline d. Prepare payroll checks. & Bryan \\ \hline e. Maintain personnel records. & Abigail \\ \hline f. Prepare deposit and take to bank. & Bryan \\ \hline g. Maintain petty cash. & Chris \\ \hline h. Maintain accounts receivable records. & Abigail \\ \hline i. Maintain general ledger. & Chris \\ \hline j. Reconcile accounts receivable records to general ledger account. & Abigail \\ \hline \end{tabular}Step by Step Solution
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