Jolson Company has the following internal control procedures over cash receipts. Identify the internal control principle that is applicable to each procedure. (a) All over-the-counter receipts are entered in cash registers. select a principle of internal control (b) All cashiers are bonded. select a principle of internal control (c) Daily cash counts are made by cashier department supervisors. select a principle of internal control (d) The duties of receiving cash, recording cash, and having custody of cash are assigned to different individuals. select a principle of internal control (e) Only cashiers may operate cash registers.
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Home » Business » Jolson Company has the following internal control procedures over cash receipts. Identify the internal control principle that is applicable to each procedure. (a) All over-the-counter receipts are entered in cash registers.