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. f 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 Revenue. 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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