Question: e. The supervisor prepares a duplicate deposit slip, which the bank stamps after the deposit is made to indicate the date and amount of the
e. The supervisor prepares a duplicate deposit slip, which the bank stamps after the deposit is made to indicate the date and amount of the deposit. The supervisor sends the stamped bank deposit slip and daily cash summary to the accountant, who compares them before preparing a journal entry debiting Cash and crediting Locker Rental Revernie. Required: 1. For each statement (a)-(f), identify the internal control principle being applied. Question 3 (2 marks) What are the limitations of internal control? Explain each one of them
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