Identify which control activity is violated in each of the following situations, and explain how the situation

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Identify which control activity is violated in each of the following situations, and explain how the situation creates an opportunity for fraud or inappropriate accounting practices.

  1. Once a month, the sales department sends sales invoices to the accounting department to be recorded.
  2. Leah Hutcherson orders merchandise for Rice Lake Company; he also receives merchandise and authorizes payment for merchandise.
  3. Several clerks at Pig Foods use the same cash register drawer.

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Accounting Principles

ISBN: 978-0470534793

10th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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