Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

تمرين 30

Evaluating internal control over cash receipts
When you check out at a Target store, the cash register displays the amount of the sale. It also shows the cash received and any change returned to you. Suppose the register also produces a customer receipt but keeps no internal record of the transactions. At the end of the day, the clerk counts the cash in the register and gives it to the cashier for deposit in the company bank account.
Requirements
1. Identify the internal control weakness over cash receipts
2. What could you do to correct the weakness