What internal control procedures would you recommend in each of the following situations? a. A concession company
Question:
a. A concession company has one employee who sells T-shirts and sunglasses at the beach. Lach day, the employee is given enough shirts and sunglasses to last through the day and enough cash to make change. The money is kept in a box at the stand.
b. An antique store has one employee who is given cash and sent to garage sales each weekend. The employee pays cash for merchandise to be resold at the antique store.
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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