Which of the following is representative of safeguarding assets?
At Radiant, Inc., the sales department is also responsible for recording cash transactions as it does not have a separate accounting department.In the above situation, which internal control procedure needs strengthening?
A point-of-sale terminal provides control over cash receipts over the counter.
A streamlined process that bypasses paper documents altogether and in which computers of retailers communicate directly with the computers of suppliers to automate routine business transactions is known as _
A key to strong control over petty cash is to ensure that several persons serve as custodian at one time.
Which one of the following is true of a signaturecard?