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, 2 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 25 Jul 2017 My Price 4.00

Two Brother Productions

Two Brother Productions makes all sales on credit. Cash receipts arrive by mail. Justin Broaddus in the mailroom opens envelopes and separates the checks from the accompanying remittance advices. Broaddus forwards the checks to another employee, who makes the daily bank deposit but has no access to the accounting records. Broaddus sends the remittance advices, which show cash received, to the accounting department for entry in the accounts. Broaddus’s only other duty is to grant sales allowances to customers. (A sales allowance decreases the amount receivable.) When Broaddus receives a customer check for $375 less a $60 allowance, he records the sales allowance and forwards the document to the accounting department.
Requirements
1. Identify the internal control weakness in this situation.
2. Who should record sales allowances?
3. What is the amount that should be shown in the ledger for cash receipts?

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Jul 2017 11:07 AM My Price 4.00

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