Question: Determine whether each cash receipts procedure is an internal control strength or weakness. Determine whether each cash receipts procedure is an internal control strength or

Determine whether each cash receipts procedure is an internal control strength or weakness.

Determine whether each cash receipts procedure is an internal control strength or

Determine whether each cash receipts procedure is an internal control strength or weakness. Strength or Weakness Cash receipts If a sales clerk makes an error in recording a cash sale, they can access the register's electronic record to correct the transaction. 2. All sales transactions, even those for less than $1, are recorded on a cash register. 3. One of the two employees tasked with opening mail is also the recordkeeper for the business. 4. Two employees are tasked with opening mail that contains cash receipts. The supervisor has access to both cash and the accounting records. 6. Cash registers have a permanent, locked-in electronic record of each transaction. 5. Weakness Strength

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