Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 19 Aug 2017 My Price 7.00

The China Shop

PR 7-1b     Evaluating internal control of cash

The following procedures were recently installed by The China Shop:

a.    All sales are rung up on the cash register, and a receipt is given to the customer. All sales are recorded on a record locked inside the cash register.

b.    Each cashier is assigned a separate cash register drawer to which no other cashier has access.

c.     At the end of a shift, each cashier counts the cash in his or her cash register, unlocks the cash register record, and compares the amount of cash with the amount on the record to determine cash shortages and overages.

 

d.     Checks received through the mail are given daily to the accounts receivable clerk for recording collections on account and for depositing in the bank.

e.     Vouchers and all supporting documents are perforated with a PAID designation after being paid by the treasurer.

f.      Disbursements are made from the petty cash fund only after a petty cash receipt has been completed and signed by the payee.

g.     The bank reconciliation is prepared by the cashier.

Instructions

Indicate whether each of the procedures of internal control over cash represents

(1) a strength or (2) a weakness. For each weakness, indicate why it exists.

 

:

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 08:08 PM My Price 7.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)