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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
For the following situation, state whether it represents a strength or weakness in internal control and give the reason for your answer.

The mailroom employee opens all incoming mail.  Customers' checks are sent to the treasurer, and remittance advices are sent to the accounting department.  The controller compares the daily bank deposit amount from the treasurer and the daily debit to cash from the accounting department.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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Mrgo-breedMrgo-breed
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7 years ago
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H3Ko Author
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#2
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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#3
7 years ago
Excellent Slight Smile
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