ACC501 - Business Finance
Question(s) similar to the following:
A local gas station has one clerk that accepts cash payments for gas and rings them up on the cash register. Which one of the following would be the best control to provide assurance that the cashier is not keeping some of the cash?
Question 1: A local gas station has one clerk that accepts cash payments for gas and rings them up on the cash register. Which one of the following would be the best control to provide assurance that the cashier is not keeping some of the cash?
Count all cash before and after the shift and compare it to cash register totals
Require that each customer be given a receipt of their purchase
Compare cash register totals to a total that is automatically generated by each gas pump
Each employee should have a separate cash drawer that only they use
Similar Questions:
Question 2: A local gas station has one clerk that accepts cash payments for gas and rings them up on the cash register. Which one of the following would be the best control to provide assurance that the cashier is not keeping some of the cash?
Count all cash before and after the shift and compare it to cash register totals
Require that each customer be given a receipt of their purchase
Compare cash register totals to a total that is automatically generated by each gas pump
Each employee should have a separate cash drawer that only they use
Quizzes of ACC501 - Business Finance
Question 1: A local gas station has one clerk that accepts cash payments for gas and rings them up on the cash register. Which one of the following would be the best control to provide assurance that the cashier is not keeping some of the cash?
Count all cash before and after the shift and compare it to cash register totals
Require that each customer be given a receipt of their purchase
Compare cash register totals to a total that is automatically generated by each gas pump
Each employee should have a separate cash drawer that only they use
Similar Questions:
Question 2: A local gas station has one clerk that accepts cash payments for gas and rings them up on the cash register. Which one of the following would be the best control to provide assurance that the cashier is not keeping some of the cash?
Count all cash before and after the shift and compare it to cash register totals
Require that each customer be given a receipt of their purchase
Compare cash register totals to a total that is automatically generated by each gas pump
Each employee should have a separate cash drawer that only they use
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