Requiring cashiers to handle cash and count the cash at the end of each shift is an internal control weakness because these duties should be segregated.
Correct Answer:
Verified
Q183: Sam doesn't bother to record checks in
Q184: Books,Inc.always balances its checkbook before it pays
Q185: Discuss the risks associated with sales,cash and
Q186: The company has a policy of waiting
Q187: An effective system of internal controls includes
Q189: The Ace Electronics has weekly staff meetings
Q190: Segregation of duties means that _.
A)the person
Q191: The accounting records for Quality Auto Parts
Q192: Match each of the following terms with
Q193: Match each of the statements below with
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents