The amount of cash on hand in a register may be compared to the amount showing in the register tape in order to detect _______.

Question

Quizplus · Accepted Answer

Comparing the cash on hand in a register to the amount recorded in the register tape is a common method for detecting employee theft, as discrepancies may indicate that an employee has taken cash from the register. It is not as effective for detecting recorded sales, internal audits, or occupational frauds.

The Amount of Cash on Hand in a Register May