Question: Which situation indicates a weak internal control structure? a . the record keeping clerk maintains both accounts receivable and accounts payable subsidiary ledgers b .

Which situation indicates a weak internal control structure?
a.
the record keeping clerk maintains both accounts receivable and accounts payable subsidiary ledgers
b.
the accounts receivable clerk prepares customer statements every month
c.
the mail room clerk authorizes credit memos
d.
the warehouse clerk obtains a signature before releasing goods for shipment

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!