Listed below are three procedures followed by Garys Sporting Goods, owned by Gary Stanten. Listed below are
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Listed below are three procedures followed by Gary’s Sporting Goods, owned by Gary Stanten.
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Listed below are three procedures followed by Gary's Sporting Goods, owned by Gary Stanten. Indicate whether each procedure is an example of a strong internal control or a weak internal control. а. Cashiers accept cash from custorners and use a cash register. At the end of the day, the cashiers put the cash in the safe and record a journal entry in the accounting information system. b. On a monthly basis, Gary takes the cash from the safe and deposits the cash in the С. bank. Listed below are three procedures followed by Gary's Sporting Goods, owned by Gary Stanten. Indicate whether each procedure is an example of a strong internal control or a weak internal control. а. Cashiers accept cash from custorners and use a cash register. At the end of the day, the cashiers put the cash in the safe and record a journal entry in the accounting information system. b. On a monthly basis, Gary takes the cash from the safe and deposits the cash in the С. bank.
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a Strong Cash sales should be recorded in a cash register using cash register tapes or com... View the full answer
Related Book For
College Accounting
ISBN: 978-1119405962
1st Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Deanna C. Martin, Jill E. Mitchell
Posted Date:
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