Robert and Karen are planning to open a coffee shop near the local college campus. They will make both cash and credit sales. They will hire college students to make coffee and to operate the coffee makers and cash registers. Either Robert or Karen will act as manager during most hours that the business will be open. One student will be designated as assistant manager when they cannot be present.
Describe at least five procedures that Robert and Karen might use to provide adequate internal control over cash and credit sales and bank deposits.

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The Answer of Robert and Karen are planning to open a coffee shop near the local college campus. They will make both cash and credit sales. They will hire college students to make coffee and to operate the coffee makers and cash registers. Either Robert or Karen will act as manager during most hours that the business will be open. One student will be designated as assistant manager when they cannot be present.
Describe at least five procedures that Robert and Karen might use to provide adequate internal control over cash and credit sales and bank deposits.

Robert and Karen Are Planning to Open a Coffee Shop