Principle:

b$)$

Recommended

Change:

The store manager should androve bills for pavment and the treasurer should sign and issue checks.

Purchases should be paid with prenumbered checks and the purchases should be documented by a prenumber

After payment, bills are "filed" in a paid invoice folder.

$($a$)$

Weakness:

Filing does not prevent a bill from being paid more than once.

Principle:

$($b$)$

Recommended

Change:

Bills should be stamped PAID after payment.

The company accountant prepares the bank reconciliation and reports any discrepancies to the owner.

$($a$)$ Weakness:

Principle:

$($b$)$

Recommended

Change: