Briel Exercise 7-3 Miramichi Company has the tollawing internal rontrols aver ca

ID: 2398722 • Letter: B

Question

Briel Exercise 7-3 Miramichi Company has the tollawing internal rontrols aver cash receipts. Tdentify the contral activity that is applicahle to each of the tollowing 1. The company conducts thorough background checks on all cashiers when they are hired. 2. All sales must be entered into the cash register through a scanner and point-of-sale software. 3, Surprisc cash counts arc made by the department supcrvisors 4. The duties ot receiving cash, rerording cash, and maintaining custody of rash arassignad t 5. At the ?nd Df his cr her shift, the ashier ensures there are receipts on hand for all detil ur credit : rcl sales. 6. Each cashier uses a different cash register and uses a separate password. Hurrian resburce controls Physical and IT controls Independent checks of performance Scgregation of dutics difterent individun l Documentation procedures Fstablishment of r Question Attempts: of 1 used SAVE FOR LATER BMIT ANSWER

Explanation / Answer

Identification of Control Activity

The company conducts thorough background check on all cashiers when they are hired

Human resource Control

All sales must be entered into the cash register through a scanner and POS software

Physical and IT control

Surprise cash counts are made by the department supervisor

Independent checks of Performance

The duties of Receiving cash, Recording Cash , Maintaining custody of cash are assigned to different individuals.

Segregation of Duties

At the end of his or her shift, the cashier ensures there are receipts on hand for all debit or credit card sales.

Documentation Procedure

Each cashier uses a different cash register and uses a separate password.

Establishment of Responsibility.