Question: Which internal control activity is violated when the cashier at a cash register in a retail store also records the daily receipts in a journal?

Which internal control activity is violated when the cashier at a cash register in a retail store also records the daily receipts in a journal?
a. independent checks on recorded amounts
b. safeguards over assets and records
c. adequate documents and records
d. segregation of duties
Which internal control activity is violated when

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!

Q:

Scroll down to complete all parts of this task. Ember Corp. purchases 20,000 shares (15%) of Stanton Industries at a price of $31/share and pays legal fees of $35,000 for the acquisition. The...

Q:

For what reason would retailers like The Gap select an accounting period that ends on or near the end of January? a. The company originally started business operations on that date. b. Business...

Q:

Select any two topics and a summary on those two topics and pages are 3 to 4 Fraud, Internal Control, and Cash 8 CHAPTER PREVIEW FEATURE STORY As the Feature Story about recording cash sales at...

Q:

I've attached the assignment as a word file, thanks! JWCL165_c07_304-355.qxd 7/31/09 2:05 PM Page 304 7 Fraud, Internal Control, and Cash Chapter STUDY OBJECTIVES After studying this chapter, you...

Q:

Having one person responsible for the related activities of ordering merchandise, receiving goods, and paying for them O decreases the potential for errors and fraud. O is a good example of...

Q:

Which internal control procedure is violated when the cashier at the checkout stand also records the daily receipts in the journal? a. Segregation of duties O O b. Independent review and appraisal O...

Q:

Alpine Cupcake Audit Case- Cash Module Question 4: You have concerns about the adequacy of the substantive audit work done by the engagement team. Review in detail the cash confirmation and bank...

Q:

earning Objective 1 - Define Fraud and the Principles of Internal Control dishonest act by employee that results in personal benefit to the employee at a cost to the employer. The fraud triangle...

Q:

Please help me answer question 1 of this case, thank you! Ardmore Beer Distributors, Inc. Identification of Tests of Controls for the Revenue Cycle LEARNING OBJECTIVES Upon completion of this case,...

Q:

Hello! Can someone please help me answer question one? Thank you! Ardmore Beer Distributors, Inc. Identification of Tests of Controls for the Revenue Cycle LEARNING OBJECTIVES Upon completion of this...

Q:

Assignment in attachment. Very simple assignment. Question 1 Cost of goods sold is determined only at the end of the accounting period in both a perpetual and a periodic inventory system. neither a...

Q:

Strassner Corporation factors $262,500 of accounts receivable with Sultanali Financing, Inc. on a with recourse basis. Sultanali Financing will collect the receivables. The receivables records are...

Q:

Your advertising firm has five major clients. The type of business and the gender of the CEO are listed below: a. Determine the simple probability of randomly selecting a tech company from the list...

Q:

Some customers have high expectations of a company's social responsibility efforts. How would these customers view the company's price increases, according to the article? as better than their...

Q:

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...