Question: Corey and Dee Post are planning to open and operate a 24-hour convenience store near a university campus. Corey and Dee are concerned that part

Corey and Dee Post are planning to open and operate a 24-hour convenience store near a university campus. Corey and Dee are concerned that part of the cash that customers pay for merchandise might be kept by some of the store’s employees.
Required:
Identify some internal control procedures that could help ensure that all cash paid by customers is remitted to the business.

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Control objective To ensure that cash collected from customers is remitted to the business Possible ... View full answer

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