Meridian Hockey distributes merchandise to sporting goods stores and hockey shops. All sales are on credit, so
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Assume you are Kiley Kilpatrick, the new accountant. Write a memo to Frank Meridian outlining the internal controls you intend to establish for Meridian Hockey. Assume also that you have two employees in the accounting department and a receptionist who report to you. Use this format for your memo:
Date: __________________
To: Frank Meridian
From: Kiley Kilpatrick, Accountant
Re: Proposed internal controls over cash receipts and receivables
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Related Book For
Accounting Volume 1
ISBN: 978-0132690096
9th Canadian edition
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
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