Two clerks sharing the same cash register is a violation of which internal control principle? A

Business Feb 02, 2021

Two clerks sharing the same cash register is a violation of which internal control principle?

A. Establish responsibilities.

B. Maintain adequate records.

C. Insure assets.

D. Bond key employees.

E. Apply technological controls.

Expert Solution

The correct answer is A. Establish responsibilities.

Establish responsibilities internal control principle is violated in this situation because there are two clerks who are responsible in the same cash register. The cash register should be assigned only to one clerk because it is most effective if there is one person responsible for one task.

Archived Solution

Unlocked Solution

You have full access to this solution. To save a copy with all formatting and attachments, use the button below.

Already a member? Sign In

Important Note: This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.

For ready-to-submit work, please order a fresh solution below.

Or get 100% fresh solution

Get Custom Quote