An effective system of internal control requires that at least two individuals be assigned to one cash drawer so that each can serve as a check on the other.

Question

Quizplus · Accepted Answer

Assigning two individuals to one cash drawer can lead to accountability issues and complicate the tracking of discrepancies. Effective internal control typically involves assigning one person per cash drawer and implementing other checks and balances.

An Effective System of Internal Control Requires That at Least