The accounts receivable clerk is also responsible for handling cash receipts. Which principle of internal control is
Question:
The accounts receivable clerk is also responsible for handling cash receipts. Which principle of internal control is violated in this situation?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
The principle of internal control violated in this situation is the principle of segregation of duti...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
After finishing your Master of Professional Accounting, you started your accounting consultancy in Gold Coast, Queensland, Australia. You got a high distinction in HI5019 Strategic Information System...
-
11-32(Objective 11-3) The following is the description of sales and cash receipts for the Ladys Fashion Fair, a retail store dealing in expensive womens clothing. Sales are mainly on the account...
-
For each of the following situations, evaluate the segregation of duties implemented by the company and indicate the following: a. Any deficiency in the segregation of duties described (Indicate None...
-
Darrel & Co. makes electronic components. Chris Darrel, the president, recently instructed Vice President Jim Bruegger to develop a total quality control program. If we dont at least match the...
-
At 25C, DG for the process H2O(l) H2O(g) is 8.6 kJ/mol. Calculate the vapor pressure of water at this temperature.
-
Consider an antenna with electric field intensity in the \(x y\)-plane \(E(\varsigma)\). This electric field is generated by a current distribution \(D(y)\) in the \(y z\)-plane. The electric field...
-
Brooke Company, which has been in business for three years, makes all of its sales on account and does not offer cash discounts. The firm's credit sales, collections from customers, and write-offs of...
-
Sudss Bottling Company does bottling Labeling, and distribution work for several local microbreweries. The demand rate for Wortmans beer is 600 cases [24 bottles each) per week. Sudss bottling...
-
Period Forecast Output 2 3 6 7 Total 275 350 225 310 280 275 270 1,985 Regular 272 272 225 272 272 272 252 1,837 Overtime 78 38 18 148 Output - Forecast 0 0 0 Cost Regular Overtime Total
-
Stamm Company issued a promissory note to Blair Company, (a) Who is the payee? (b) What is the title of the account used by Blair Company in recording the note?
-
How should (a) fixed assets and (b) intangible assets be reported in the balance sheet?
-
Chen Company has net sales of $500,000, cost of goods sold of $300,000, and interest expense of $10,000. What is the amount of gross profit on sales? a. $200,000 b. $198,000 c. $202,000 d. None of...
-
Discuss the possible expansion of the United States as a colonial or imperial power in the future. Do you support such an expansion? Why, or why not? Consider the United States\' involvement in...
-
The law plays an important role in perpetuating racial discrimination. How can law directly and/or indirectly harm people of color? Incorporate at least 3 of the following sources. Briefly touch on...
-
Bantam Industries has budgeted the following information for March: Cash receipts Beginning cash balance Desired ending cash balance Cash payments $ 271,000 5,000 280,000 25,000 Help Save & Exit If...
-
9. In the Grand Manufacturing Company's AIS, each PO record includes the following data fields: Purchase order Manufacturer's item number Date of order number In-house item number Description...
-
On January 1, 2024, Trenten Systems, a U.S.-based company, purchased a controlling interest in Grant Management Consultants located in Zurich, Switzerland. The acquisition was treated as a purchase...
-
Write an equation for proton transfer from hydrogen chloride to tert-butyl alcohol. Use curved arrows to track electron movement, and identify the acid, base, conjugate acid, and conjugate base.
-
A police officer pulls you over and asks to search your vehicle because he suspects you have illegal drugs inside your car. Since he doesn't have reasonable suspicion to search your car, legally he...
-
1. Calculate Discrete-Fourier series coefficients for the following discrete-time signal x[n] 2A 0 Hints: You can use complex conjugate property of real signals to reduce the number of calculations...
-
you have got to test drive by planting evidence in the file slack space on a USB drive or small disk partition and verifying that drive by Hex Workshop. Explain your observation on whether you could...
-
Enterprises typically deploys a firewall at the border of their network, and configure static rules to block malicious traffic and/or allow legitimate traffic. Briefly state one limitation of this...
Study smarter with the SolutionInn App