Question: Determine whether each cash receipts procedure is an internal control strength or weakness. Cash receipts Strength or Weakness 1. A list of cash receipts by

Determine whether each cash receipts procedure is an internal control strength or weakness. Cash receipts Strength or Weakness 1. A list of cash receipts by mail includes the sender's name, the dollar amount, and an explanation of why the money was sent. 2. The recordkeeper of cash transactions is also in charge of depositing cash receipts in the bank. 3. The company investigates all customer questions regarding an incorrect account balance. 4. One employee with many years of experience is solely in charge of opening cash receipts received by mail. Strength 5. If a sales clerk makes an error in recording a cash sale, they can access the register's electronic record to correct the transaction. 6. All sales transactions, even those for less than $1, are recorded on a cash register. Weakness

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