Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

تمرين 52

Using bank reconciliation to determine cash receipts stolen
Alaska Impressions Co. records all cash receipts on the basis of its cash register tapes. Alaska Impressions Co. discovered during October that one of its salesclerks had stolen an undetermined amount of cash receipts while taking the daily deposits to the bank. The following data have been gathered for October:

No deposits were in transit on October 31.
a. Determine the amount of cash receipts stolen by the salesclerk.
b. What accounting controls would have prevented or detected this theft