Ask Question
10 June, 03:49

All over-the-counter receipts are entered in cash registers.

(a) Select the principle of internal control

(b) All cashiers are bonded. Select the principle of internal control

(c) Daily cash counts are made by cashier department supervisors. Select the principle of internal control

(d) The duties of receiving cash, recording cash, and having custody of cash are assigned to different individuals. Select the principle of internal control

(e) Only cashiers may operate cash registers.

+5
Answers (2)
  1. 10 June, 04:48
    0
    (a) Physical controls

    (b) Human resource controls

    (c) Independent internal verification

    (d) Segregation of duties

    (e) Establishment of responsibility

    Explanation:

    (a) All over-the-counter receipts are entered in cash registers. That is an example of the physical controls principle.

    (b) All cashiers are bonded. That is an example of the human resource controls principle.

    (c) Daily cash counts are made by cashier department supervisors. That is an example of the independent internal verification principle.

    (d) The duties of receiving cash, recording cash, and having custody of cash are assigned to different individuals. That is an example of the segregation of duties principle.

    (e) Only cashiers may operate cash registers. That is an example of the establishment of responsibility principle.
  2. 10 June, 04:57
    0
    B all cashiers Are bonded. Select the principal of internal control
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “All over-the-counter receipts are entered in cash registers. (a) Select the principle of internal control (b) All cashiers are bonded. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers