Grantham Wk 5 Ch 8 Internal Controls Bank Reconciliation & Cash Expense Paper

User Generated

zbafgre15

Business Finance

Grantham University

Description

In the Cases & Projects section at the back of Chapter 8 in your textbook, find and complete the following problems:

CP 8-6 Internal Controls

CP 8-8 Bank reconciliation and internal control

CP 8-9 Cash to monthly case expenses ratio

Unformatted Attachment Preview

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

Internal controls
Control procedures
1.
2.
3.
4.

The sales return should be verified before cash refund Is given out to customers.
The accountant should verify transactions regarding to refunds before making payments.
The store manager should receive the goods return for the accountant to issue payments on returns
Customer should be the only one allowed to fill the sales return forms and the returns be matched aga

o customers.
re making payments.
nt to issue payments on return...


Anonymous
This is great! Exactly what I wanted.

Studypool
4.7
Indeed
4.5
Sitejabber
4.4

Similar Content

Related Tags