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The Design of Internal Control Documents

Motel $49.99 has purchased a large warehouse to store all supplies used by housekeeping depart- ments in the company's expanding chain of motels. In the past, each motel bought supplies from local distributors and paid for the supplies from cash receipts.

Required

1. Name some potential problems with the old system.

2. Design a purchase requisition form and a receiving report to be used by the housekeeping departments and the warehouse. Indicate how many copies of each form should be used and who should receive each copy.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91624324

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