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Cash register Essay Topics & Paper Examples

Hall Cases

INTERNAL CONTROL CASES 1. Solution Smith’s Market a), b) See diagrams on the following pages. c) Internal Control Weaknesses 1) Access to the cash drawers by sales clerks requires more accountability. Each drawer is accessed by various clerks throughout the day and cash may be withdrawn by any of them. 2) The internal cash register tape should be used as a control to determine how much cash (including checks, and credit card vouchers) should be in the register drawer. 3) The shift supervisor does not sign for the specific amount of cash received or returned at the end of the day. He simply logs the drawers in and out. 4) The treasury clerk is unsupervised in the counting of cash….