Determine whether each of the following is an internal, Ask an Expert

Accounting

Determine whether each of the following is an internal control strength or an internal control weakness. If weakness, explain why.

a) Vouchers and all supporting documents are perforated with a PAID designation after being paid by the treasurer.

b)All sales are rung up on the cash register, and a receipt is given to the customer. All sales are recorded on a record locked inside the cash register.

c)The bank reconciliation is prepared by the accountant.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9799223

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