Question: Additional Brief Exercise 168 Identify the principle of internal control to each of the following cases. CALCULATO 1. Cash is locked in a safe overnight.

 Additional Brief Exercise 168 Identify the principle of internal control to

Additional Brief Exercise 168 Identify the principle of internal control to each of the following cases. CALCULATO 1. Cash is locked in a safe overnight. 2. Employees who receive shipments of goods do not have access to the accounting records for merchandise 3. Shipping documents are pre-numbered. Segregation of Duties Physical Controls Human Resource Controls Independent Internal Verification Establishment of Responsibility Documentation Procedures 4. The bookkeeper does not have physical custody of assets. 5. Only the treasurer of the company can sign checks. Click if you would like to Show Work for this question: Open Show Work

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related Accounting Questions!