Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. for each situation provided, please indicate what

For each situation provided, please indicate what general internal control approach is being used:Only cashiers...

90.2K

Verified Solution

Question

Accounting

For each situation provided, please indicate what general internal control approach is being used:Only cashiers are authorized to sell tickets. Only the manager and cashier can handle cash. Only the manager has access to unlocked rolls of tickets.Answer 1Establishment of ResponsibilitiesA safe is used for the storage of cash and a machine is used to issue tickets.Answer 2Choose...The duties of receiving cash and admitting customers are assigned to the cashier and to the usher. The manager maintains custody of the cash, and the company accountant records the cash.Answer 3Choose...Tickets are pre-numbered. Answer 4Choose...Cashiers are bonded.

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

please explain in simple details. what is magnaporthe oryzae? is it a fungus? where does it come...

Medical Sciences
1.2K views

Explain what VO2max actually IS and what it REPRESENTS for physical capacity.

Programming
1.2K views

Done in C language using mobaxterm if you can but use basic C This program is broken...

General Management
1.2K views

What are the main similarities and differences between domestic and international human resources management (HRM)? Discuss at...

Biology
1.2K views

he Hardy-Weinberg equilibrium model states that genotype and allele frequencies for a certain allele will...

Geometry
1.2K views

In Figure 6 1 the consumer surplus is equal to AJ 400 B 300 C...

Accounting
1.2K views

Following the outbreak of the Novel Coronavirus (COVID 19), CPCa pharmaceutical company is considering introducing...

Accounting
1.2K views

Department S had no work in process at the beginning of the period. It added...

Accounting
1.2K views

Please provide a SBU* analysis for JC Penny (2 points matrix with sbu; 2 investment...

Accounting
1.2K views

Exercise 6-11 Segmented Income Statement (LO6-4] Wingate Company, a wholesale distributor of electronic equipment, has...

Finance
1.2K views

pls finish 1. Explanation of how to:[edit] 2. Example(s):[edit] 3. Associated Terms:[edit] 4. Associated...

Accounting
1.2K views

Bakker Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of...