Listed below are three procedures followed by Garys Sporting Goods, owned by Gary Stanten. Indicate whether each

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Listed below are three procedures followed by Gary’s Sporting Goods, owned by Gary Stanten. Indicate whether each procedure is an example of a strong internal control or a weak internal control. 

a. Cashiers accept cash from customers and use a cash register. 

b. At the end of the day, the cashiers put the cash in the safe and record a journal entry in the accounting information system. 

c. On a monthly basis, Gary takes the cash from the safe and deposits the cash in the bank.

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Related Book For  answer-question

College Accounting

ISBN: 1986

1st Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Deanna C. Martin, Jill E. Mitchell

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