If you are the store manager for the company, and you only hired five employees to work for the store. Employees A, B, C
Posted: Wed May 04, 2022 6:45 am
If you are the store manager for the company, and you only hired
five employees to work for the store.
Employees A, B, C are all sale persons for the store who keep
all the sales records for the store;
Employee D is the only cashier and accountant who deposits the
receipts daily in the bank.
Employee E handles all the payment matters for the store.
E is also the record-keeper who keeps the accounting books for the
store.
What can happen if Employee D is the one who prepares both the
receipt and the bank reconciliation statement?
five employees to work for the store.
Employees A, B, C are all sale persons for the store who keep
all the sales records for the store;
Employee D is the only cashier and accountant who deposits the
receipts daily in the bank.
Employee E handles all the payment matters for the store.
E is also the record-keeper who keeps the accounting books for the
store.
What can happen if Employee D is the one who prepares both the
receipt and the bank reconciliation statement?