Identify which control activity is violated in each of the following situations. Control Activity 1. Once...
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Identify which control activity is violated in each of the following situations. Control Activity 1. Once a month, the sales department sends sales invoices to the accounting department to be recorded. 2. Leah Hutcherson orders merchandise for Rice Lake Company; she also receives merchandise and authorizes payment for merchandise. 3. Several clerks at Great Foods use the same cash register drawer. Identify which control activity is violated in each of the following situations. Control Activity 1. Once a month, the sales department sends sales invoices to the accounting department to be recorded. 2. Leah Hutcherson orders merchandise for Rice Lake Company; she also receives merchandise and authorizes payment for merchandise. 3. Several clerks at Great Foods use the same cash register drawer.
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Concepts and reason Internal control is that the process of controlling the risks of a corporation its a technique of eliminating the fabric errors wi... View the full answer
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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