Separate and assign the following activities to employee A, B and C to accomplish the best control. Explain why.
a. Assemble supporting documents for cash disbursements
b. Maintain custody of the signature plates used for the computer processes when checks are produced
c. Authorize the update of the general ledger each month and review all accounts for unexpected balances
d. Cancel supporting documents for cash disbursements to prevent their reuse
e. Approve customer’s applications for credit
f. Approve the write off of accounts receivable determined to be uncollectible
g. Input the shipping and billing information resulting from sales and shipments

  • CreatedJanuary 21, 2015
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