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Unformatted text preview: Exercise 8-1A 1. Divide Responsibility for Related Transactions They should hire another employee who would just post the customer’s payment to their selected accounts so that Heather would only have to record all incoming customer cash receipts. This would ensure that the work of one person can cross check the other person work. 2. Establish Responsibilities Since Jeff is the primary custodian he needs to keep detailed receipts and initial each receipt. When Jose fills in Jeff should let Jose know if there is anything different for the day. When Jose is filling in anything that he needs to hand out for Petty Cash he would need the receipt for as well and initial it. Thus when the books are being balanced and they do the cross check they can see whose initials were on each one to see if something is missing. 3. Divide Responsibility for Related Transactions Since Nadia is doing the same job for both this should be divided between two different people. Nadia should be posting all patient charges and there should be someone else assigned to backing up the...
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- Spring '09
- Payment, Jose, Safe deposit box, Divide Responsibility