Choose the code letter of the best internal control principle that is related to the problem described:
-Three people handle cash sales from the same cash register drawer.
A) Establishment of responsibility
B) Segregation of duties
C) Physical, mechanical, and electronic control devices
D) Documentation procedures
E) Independent internal verification
F) Other controls

Question

Quizplus · Accepted Answer

Establishment of responsibility is crucial in this scenario to ensure that one person is responsible for the cash register drawer, which helps in accountability and reduces the risk of errors or theft.

Choose the Code Letter of the Best Internal Control Principle