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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339 Exercise 33
Evaluating internal control over cash payments
Gary's Great Cars purchases high-performance auto parts from a Nebraska vendor, Dave Simon, the accountant for Gary's, verifies receipt of merchandise and then pre-pares, signs, and mails the check to the vendor.
Requirements
1. Identify the internal control weakness over cash payments.
2. What could you do to correct the weakness
Gary's Great Cars purchases high-performance auto parts from a Nebraska vendor, Dave Simon, the accountant for Gary's, verifies receipt of merchandise and then pre-pares, signs, and mails the check to the vendor.
Requirements
1. Identify the internal control weakness over cash payments.
2. What could you do to correct the weakness
Explanation
Verified
Verified
2.
Step 1 Read the exercise.
Step 2 De...
Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
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