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1. How does a policy of rotating clerical employees from job to job aid in strengthening the control procedures within the control environment? Explain.

2. Why should the responsibility for a sequence of related operations be divided among different persons? Explain.

3. Why should the employee who handles cash receipts not have the responsibility for maintaining the accounts receivable records? Explain.

a. added to the cash balance according to the company's records.

b. deducted from the cash balance according to the company's records.

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M91574099

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