Gerrys Pizza operates strictly on a takeaway basis. Customers pick up their orders at a counter where
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Gerry’s Pizza operates strictly on a takeaway basis. Customers pick up their orders at a counter where a clerk exchanges the pizza for cash. At the counter, the customer can see other employees making the pizzas and the large ovens in which the pizzas are baked.
Required
Identify the five principles of internal control for handling cash and give an example of each principle that you might observe when picking up your pizza.
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The five principles include i Separation of Duties ii Competent Supervision iii Preventive Controls ...View the full answer
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Related Book For
Financial Accounting Reporting Analysis And Decision Making
ISBN: 9780730313748
5th Edition
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
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