The following set of items describes activities completed by a company in purchasing and paying for merchandise and in collecting cash for merchandise sales. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. (Choices may be used more than once.)
-Cash register tapes are recorded daily by an employee from the accounting department.
A)Adheres to sound internal controls
B)Violates sound internal controls
C)Neither strengthens nor violates internal control

Question

Quizplus · Accepted Answer

Recording cash register tapes daily by an employee from the accounting department adheres to sound internal control procedures because it ensures that sales are recorded accurately and promptly, reducing the risk of theft or error.

The Following Set of Items Describes Activities Completed by a Company