Question: 1. The same person opens the incoming mail and posts the accounts receivable subsidiary ledger 2. Three people handle cash sales from the same cash

1. The same person opens the incoming mail and posts the accounts receivable subsidiary ledger 2. Three people handle cash sales from the same cash register drawer. 3. A clothing store is experiencing a hightevef of thwontory shortates because people try on clothing and walk out of the store without paying for the merchandise. 4. The person who is aythorized to sign chocks approves purchane orders for payment. 5. Some cash payments are not recorded because checks are not prenumbered. 6. Cash shortages are not discovered because there are no daly cash counts by supervisors: 7. The treasurer of the company has not taken a vacation for over 20 vears

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