Question: Exercise 7 - 4 Recommending internal control procedures L O 3 What internal control procedures would you recommend in each of the following situations? a
Exercise Recommending internal control procedures
What internal control procedures would you recommend in each of the following situations?
a A concession company has one employee who sells Tshirts and sunglasses at the beach. Each day, the employee is given enough shirts and sunglasses to last through the day and enough cash to make change. The money is kept in a box at the stand.
b An antique store has one employee who is given cash and sent to garage sales each weekend. The employee pays cash for merchandise to be resold at the antique store.
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