The following set of items describes activities completed by a company in purchasing and paying for merchandise.For each activity,identify whether or not the activity adheres to or violates sound internal control procedures.
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Cash register tapes are picked up on a regular basis each day by an employee from the accounting department.
A)Adheres to sound internal control procedures
B)Violates sound internal control procedures
C)Neither strengthens nor violates internal control

Question

Quizplus · Accepted Answer

Regular pick up of cash register tapes ensures the timely and accurate recording of sales transactions, thereby adhering to sound internal control procedures. This helps prevent any misstatements or discrepancies in the company's financial statements.

The Following Set of Items Describes Activities Completed by a Company