Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. discussion\#5 - internal controls/cash due this we

Discussion\#5 - Internal Controls/Cash DUE This week; we were discussing cash and internal controls. Please...

70.2K

Verified Solution

Question

Accounting

image
Discussion\#5 - Internal Controls/Cash DUE This week; we were discussing cash and internal controls. Please answer the following in a minimum of a paragraph: Cash recelpts from customers are received by the company with regular mail. The recordikeeper opens these letters and deposits the cash eeceived each day. 1. identify any internal control probiemisin this arrangement. 2. What changes to its internal control system do you recommend? - You must reply to a minimum of one other students post and critique his/her discussion. DONT JUST SAYYOU LIKE IT OR ENJOYED IT. if there is a mistake, state it. if you agree, why? A minimum of two to three COMPLETE sentences are required

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

What differences would you see between a gene that is epigenetically silenced, compared to a gene...

Biology
Q

One objection to Kant's claim that morality is based on absolute moral rules is that 1. there...

Psychology
Q

Fluorescence has four important characteristics that make it a useful tool for examining the finer details...

Physics
Q

cally and The of ic 4 13 Two circular colls having equal and carry equal...

Physics
Q

5K 4K 1 1 9 2AE k 4K 3K 1 2 Two charged capacitors have...

Physics
Q

24 20 16 12 8 4 Ol 2 4 6 8 10 12 14 16...

Geometry
Q

Part 3 of 4 3 57 points eBook Print References Mc Required information Perpetual FIFO...

Basic Math
Q

Progress Values of f t are given in the following table The function appears to...

Calculus
Q

GL 2-11 (Algo) Complete the accounting cycle (LO2-3, 2-4, 2-5, 2-6, 2-7,2-8) On January 1,...

Accounting
Q

A local financial consulting firm employs 20 full time staff. The estimated compensation per employee...

Accounting
Q

Amos Excavating Inc. is purchasing a bulldozer. The equipment has a price of $109,000. The...

Accounting
Q

I need help with this accounting question asap. I will give good rating!!! ...

Accounting