Your sister Ella works at a bar in an upmarket hotel located in a shopping centre that

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Your sister Ella works at a bar in an upmarket hotel located in a shopping centre that includes a bank. She often works the late shift and doesn't leave work until 1:00 or 1:30 a.m. One day, when you were having lunch with her, she began complaining about an aspect of her job: 'My boss is a real stickler for procedures. Even though it's really late when the last customer leaves, and even though we're exhausted, we still have to follow procedure. Before the boss and I can leave, we have to count the money in the register and match it against the register tape and match both amounts against the dollar total of the bills the customers paid. And, as if that's not enough, we have to make sure that every bill number is accounted for. Every night the manager writes down the numbers of the bills each staff member has been given to use that night for taking customer orders. At the end of the night, the bar staff give the cashier all the bills they didn't use. If any money is missing, guess who takes the blame and has to make up the difference? After we count the money we have to put it and the tape in a deposit bag, walk it across the parking area to the bank and deposit it in the bank's night-deposit box, even though there is a safe right under the cash register! Like we're not sitting ducks for anybody who wants to rob us. I don't understand why she would risk our lives like that. Also, she unlocks the part of the register that contains a copy of the tape we took to the bank, and uses that tape to enter the day's cash receipts amount into the accounting system. Like she really trusts me so much that she has to keep the tape copy under lock and key. What a jerk!' Now that you are studying accounting, you have a little better insight into why the boss is so interested in these procedures.

Required:

Explain to Ella what's going on before she does something rash, like quit her job.

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Related Book For  answer-question

Accounting Information For Business Decisions

ISBN: 9780170253703

2nd Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons

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