Question

Please help me. acc225 Internal control
recommendations
•Complete Exercise 8-1
What internal control procedures would you recommend in each of the following situations?
1. A concession company has one employee who sells T-shirts and sunglasses at the beach. Each
day, the employee is given enough shirts and sunglasses to last through the day and enough cash
to make change. The money is kept in a box at the stand.
2. An antique store has one employee who is given cash and sent to garage sales each weekend. The
employee pays cash for this merchandise that the antique store resells.

Answer 1

An antique store has one employee who is given cash and sent to garage sales each weekend. The
employee pays cash for this merchandise that the antique store resells.