The garden club is planning a raffle. The president overheard you talking about internal controls to another member and asked you to set up some guidelines to "make sure" that all money collected for the upcoming raffle is accounted for by the club.
REQUIRED:
1. In general, describe some guidelines that the club should follow to achieve an acceptable level of internal control.
2. Regarding the president's request, is it really possible to make sure that all money is collected and recorded?

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The Answer of The garden club is planning a raffle. The president overheard you talking about internal controls to another member and asked you to set up some guidelines to "make sure" that all money collected for the upcoming raffle is accounted for by the club.
REQUIRED:
1. In general, describe some guidelines that the club should follow to achieve an acceptable level of internal control.
2. Regarding the president's request, is it really possible to make sure that all money is collected and recorded?

The Garden Club Is Planning a Raffle