Three years ago, Peng started a business providing translation and document services to businesses that source goods from China for the Canadian retail market. At first, Peng did all of the work himself, marketing his services to potential customers, receiving orders, translating documents, suggesting improvements for wording, billing accounts, preparing the bank deposits, and maintaining the account information in a simple accounting system. The business has now grown to include preparing various advertising materials for foreign companies that sell goods in China.
Peng has hired you as the accounting manager and two other clerical staff, Xiaoli and Weihua, to handle the new accounting system and the accounting needs of the organization. Peng has suggested that the accounting duties include the following responsibilities:

REQUIRED
a. Review the listed duties that are numbered (1) through (6). Indicate whether the duty should be reassigned, and why
b. Prepare a revised table of duties that takes into consideration the reasons that you mentioned in Part a.

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Xiaoli Weihua Peng Accounting Manager Receives enquiries from new Prepares the bank deposit Provides service quotes for Authorizes a vendor invoice customers and arranges for Keeps custody of payments Peng to contact them (1) Receives vendor invoices Records the sales and receivables (2) for payment (5) received and takes the deposit to the bank (3) Prepares the bank reconilia new customers Determines what prices to Records vendor invoices in charge for services the accounts payable system Authorizes the quoted price tion (4)