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It is 3:00PM, the end of the day shift on a busy Saturday at "The Korean BBQ House". The day manager, Sook, is performing the cash register reconciliation at the bar. Kim, the new night manager, comes in to get ready for the evening shift. She offers to help Sook by counting the drawer receipts but suggests they relocate to the business office in the back area. On the way through the back of the house, Sook stops at the loading dock to talk to a chef who is leaving for the day. Kim takes the cash drawer from Sook and unlocks the office. She begins counting the contents of the drawer. When Sook enters and offers to help, Kim hands her a stack of bills and says, "Here - - tell me if you get $620.00 for this pile."

1. List the security breaches that put the cash at risk of being mishandled?
2. What are some things that either Sook or Kim did properly?
3. What procedure should Sook and Kim follow at this point?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9964612

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