Question: 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
1. Once a month the sales department sends sales invoices to the accounting department to be recorded.
2. Jay Margan orders merchandise for Rice Lake Company; he also receives merchandise and authorizes payment for merchandise.
3. Several clerks at Dick’s Groceries use the same cash register drawer.
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1 Violates the control activity of documentation procedures Source documents should be ... View full answer
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