Molly Maloney is an employee of Marshall Company, a small manufacturing concern. Her responsibilities include opening the
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Molly Maloney is an employee of Marshall Company, a small manufacturing concern. Her responsibilities include opening the daily mail, depositing the cash and checks received into the bank, and making the accounting entries to record the receipt of cash and the reduction of receivables. Explain how Maloney might be able to misuse some of Marshall's cash receipts. As a consultant, what control procedures would you recommend?
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Related Book For
Survey Of Accounting
ISBN: 9780538846172
1st Edition
Authors: James D. Stice, W. Steve Albrecht, Earl Kay Stice, K. Fred Skousen
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