Two clerks sharing the same cash register is a violation of which internal control principle?
A) Maintain adequate records.
B) Establish responsibilities.
C) Apply technological controls.
D) Bond key employees.
E) Insure assets.

Question

Quizplus · Accepted Answer

The principle of establishing responsibilities requires that each employee be assigned specific duties and responsibilities. Two clerks sharing the same cash register violates this principle as it leads to confusion and difficulty in determining who is responsible for any discrepancies in the cash register.

Two Clerks Sharing the Same Cash Register Is a Violation