Question: Match the following function for collecting cash by Acme Cleaners with the statements below: a. Authorization b. Custody c. Recordkeeping ________1. The cashier is responsible

Match the following function for collecting cash by Acme Cleaners with the statements below:

a. Authorization

b. Custody

c. Recordkeeping

________1. The cashier is responsible for funds in the cash register.

________2. All sales are recorded on prenumbered invoices and rung up on the cash register.

________3. All refunds must be approved by the manger.

Step by Step Solution

★★★★★

3.52 Rating (162 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

1 b Custody 2 c Rec... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

95-B-C-A-I-C-C (498).docx

120 KBs Word File

Students Have Also Explored These Related Cost Accounting Questions!

Q:

With reference to Ex. 10.4 (a) Apply Eq. (10.7) to Eq. (A) to verify Eqs. (B) and (C). (b) Show that Eqs. (B) and (C) combine in accord with Eq. (10.11) to regenerate Eq. (A). Eq. (10.11) (c) Show...

Q:

Match the functions for collecting cash by Sonja Cleaners with the statements that follow. a. Authorization b. Custody c. Recordkeeping 1. The cashier is responsible for funds in the cash register....

Q:

Prenumbered sales invoices are kept in a LYJ sales journal. The invoices are numbered from 0001 to 5000. a. Beginning in row 16, column 01, and proceeding horizontally in a table of random numbers,...

Q:

Prenumbered sales invoices are kept in a sales journal. The invoices are numbered from 0001 to 5000. a. Beginning in row 16, column 01, and proceeding horizontally in a table of random numbers (Table...

Q:

LO 1,2 Separation of Duties SE4. Match the functions for collecting cash by Sonja Cleaners with the statements that follow. a. Authorization 1. The cashier is responsible for funds in b. Custody the...

Q:

I've attached the assignment as a word file, thanks! JWCL165_c07_304-355.qxd 7/31/09 2:05 PM Page 304 7 Fraud, Internal Control, and Cash Chapter STUDY OBJECTIVES After studying this chapter, you...

Q:

1. A set of characteristics that helps to define a seriousness about employees' attitudes about the control activities in a company is referred to as A. Management assertions. B. Control environment....

Q:

Need help with these 33 multiple choice questions for Accounting Information Systems 1. A treasurer inadvertently transposed two digits in the debit amount when entering a journal entry to record...

Q:

Could I get the answers to the multiple choice section of this? Thanks! Chapter 11 Introduction to Internal Control Systems True-False Questions 1. Controls that specifically encourage operating...

Q:

Chapter 1 Introduction to Accounting NAME ___________________________________________________ DATE _______________________________ 1. Which of the following events would be recorded as an accounting...

Q:

earning Objective 1 - Define Fraud and the Principles of Internal Control dishonest act by employee that results in personal benefit to the employee at a cost to the employer. The fraud triangle...

Q:

A certain state legislature consists of 124 members, each of whom is either a democrat or a republican. If there are 18 more democrats than republicans, how many democrats are in the legislature?

Q:

Bradley Corp. is growing at a constant rate of 7.2 percent every year. Last week the company paid a dividend of $1.85. If dividends are expected to grow at the same rate as the firm and the required...

Q:

Labor Variance with Idle Time Standard cost = 2 . 5 hours @ $ 1 8 / hr = $ 4 5 / unit Actual: 1 , 2 5 0 hours for 5 0 0 units; $ 2 4 , 3 7 5 total labor cost; 8 0 hours idle time a . Compute labor...

Q:

On January 15, 20XY, BVC collected cash for a $10,000 receivable previously written off. Record the appropriate entries. BVC Supplies Inc. sells exercise equipment. BVC notes that at December 31,...

Q:

Recall that a functor F: C D is called faithful if for any pair of arrows XY in C, whenever Ff = Fg, then f = g. %3D (a) Treating an order-preserving map between posets f: (A,

Q:

A functor F : C D is said to be full, if whenever FX-"> FY is an arrow in D, there exists an arrow X->Y in C such that u = Ff. Show that if F:C D is a faithful and full functor and FX Fk FY is an...

Q:

Solve for t kh Kh. m. 2. Zw sin(wt)- (4) cos I20,000 0.25) (4)= 120,000 (0.25 1250 1250 Sin, Cos 2(9.79796) 2(9.79796) Ye) = sin (4.79796t)-t cos (179ot) X()= 24 19.5959t cos (9.79796t) 0.l25 sin...

Q:

Suppose we have obtained the following tableau for a maximization problem. X1 X2 X3 X4 X5 X6 RHS 1 10 C1 4 C2 1 a1 -5 a2 -1 1 -1 2 az -3 -4 1 3 State conditions on a,, a2, a3, b, c1, and c2 that are...

Q:

Which of the following is not a factor of production? A Labour 8 Enterprise. C Money D Land

Q:

On July 23 of the current year, Dakota Mining Co. pays $4,715,000 for land estimated to contain 5,125,000 tons of recoverable ore. It installs and pays for machinery costing $410,000 on July 25. The...

Q:

Nagy Company makes a lump-sum purchase of several assets on January 1 at a total cash price of $1,800,000. The estimated market values of the purchased assets are building, $890,000; land, $427,200;...

Q:

On February 19 of the current year, Quartzite Co. pays $5,400,000 for land estimated to contain 4 million tons of recoverable ore. It installs and pays for machinery costing $400,000 on March 21. The...

Q:

Suppose Amazon.com Inc. pays no dividends but spent $2 billion on share repurchases last year. If Amazon's equity cost of capital is 8%, and if the amount spent on repurchases is expected to grow by...

Q:

You have 40 years left until retirement and want to retire with $5 million. Your salary is paid annually, and you will receive $50,000 at the end of the current year. Your salary will increase at 3...

Q:

Round it to the four decimal places Marissa buys a bag of cookies that contains 4 chocolate chip cookies, 7 peanut butter cookies, 4 sugar cookies, and 7 oatmeal cookies. What is the probability that...