Question: Exercise 8 - 2 ( Algo ) Identifying Internal control principles LO C 1 Whole Fruits Market took the following actions to improve internal controls.

Exercise 8-2(Algo) Identifying Internal control principles LO C1
Whole Fruits Market took the following actions to improve internal controls. For each of the following actions, identify the internal control principle the company followed.
a. Each cashier is designated a specific cash drawer and is solely responsible for cash in that drawer.
b. The company divides responsibility for a transaction between multiple departments.
c. Personal ID cards are used to limit access to only authorized employees.
d. To ensure equipment theft does not go undetected, detailed accounting records are kept.
e. External auditors are regularly hired to evaluate internal controls.
f. The recordkeeper is not permitted to pay the company's suppliers.
Exercise 8 - 2 ( Algo ) Identifying Internal

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