Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 23-24for the following situations, state whether i

23-24For the following situations, state whether it represents a strength or weakness in internal control...

60.1K

Verified Solution

Question

Accounting

image

23-24For the following situations, state whether it represents a strength or weakness in internal control and give the reason for your answer. 23. The bookkeeper opens the mail, makes the deposit, and makes the journal entries to record receipt of the cash and checks. 24. The movie theater has the following policy. Tickets are sold by the cashier. The ticket stubs are collected by the ticket taker. The ticket stubs are stored in a locked box, and the accounting personnel match the number of ticket stubs to the number of tickets sold

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

(6) Define a binary operation ∗ on the set G = R^2 by (x, y)...

Advance Math
Q

A company has the following projected free cash flows: C1 = -$50,000,000   C2 = -$40,000,000      C3 = -30,000,000     ...

Finance
Q

This is related Sourcing and Supplier Relationships in Supply chain (1) Using suitable examples, distinguish between “Strategic Items”...

General Management
Q

You are given that cos A your answer as a fraction 13 with A in...

Calculus
Q

The altitude of a kite is graphed here the y axis is in increments of...

Calculus
Q

Practice Exercise 15-1 During its first year of operations, Crane Company had the following transactions...

Accounting
Q

Distinguish between the direct method and the indirect method of reporting cash flows from operating...

Accounting
Q

Better Health Company has two service departments - actuarial and premium rating, and two operations...

Accounting
Q

QUESTION 15 In a Section 351 transaction, Alex transfers property to his corporation. His basis...

Accounting
Q

Health Savings Accounts (LO 5.1) Charlene has self-only coverage in a qualifying high-deductible health insurance...

Accounting
Q

X Corporation stock has been trading at $1 per share recently and the exchange where...

Finance
Q

2) 4% - List four differences between IFRS and GAAP as relates to inventory accounting....

Accounting