Hazels Video Store maintains the following policies/procedures with regard to internal control. Indicate by letter which of
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a. Proper authorization b. Adequate documents and 1. Every day, all cheques written are recorded in the accounting records, using the infor- mation on the cheque stubs. records 2. All stores utilize electronic theft detection sys- tems. d. Security measures e. Separation of duties 3. Purchases of new DVDs must be approved by the store manager. 4. Daily sales are recorded in the accounting records by someone other than the sales associates 5. The company maintains passwords that limit access to its computerized accounting records
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Related Book For
Financial Accounting
ISBN: 978-0132889711
1st Canadian Edition
Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper
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