Question: please answer question number 1 A? MOH Connect Question 3 - Chapter CA () - Co 1-K) Help Exercise 6-2 Applying Internal control principles LO

please answer question number 1 A?
please answer question number 1 A? MOH Connect Question 3 - Chapter

MOH Connect Question 3 - Chapter CA () - Co 1-K) Help Exercise 6-2 Applying Internal control principles LO C1 Whole Fruits Market took the following actions to improve internal controls. For each of the following actions, select the Internal control principle the company followed . Cash registers contain locked electronic files that keep records of each sale b. Employees requesting purchases of inventory cannot approve payment for that inventory c. Each cashier in designated a specific cash drawer and is solely responsible for cash in that drawer d. Preprinted forms are used to reduce the chance of missing transaction details .. The company's internal auditors frequently assess the performance of internal control Prohibit the recordkeeper from having control over cash [Divide responsibility for related transactions Establish responsibilities Maintain adequate records Perform regular and independent reviews Separato recordkeeping from custody of assets

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!