Lesson 7 Discussion
Identify the principles of internal control. Explain the applications of internal control to cash receipts and cash disbursements and describe the preparation of a bank reconciliation.
All businesses establish some form of internal control system. As you do your weekly shopping, what are some of the internal controls you see in place at various businesses? Discuss some of the strengths and weaknesses you observed in the systems.
What are some of the benefits of establishing a petty cash account? What are the advantages provided by a bank account? Why should you prepare a bank reconciliation each month for your own personal bank account?
“WE’VE HAD A GOOD SUCCESS RATE ON THIS ASSIGNMENT. PLACE THIS ORDER OR A SIMILAR ORDER WITH HOMEWORK AIDER AND GET AN AMAZING DISCOUNT”
The post ACCT 2301principles of internal control appeared first on Homeworkaider.
What Students Are Saying About Us
.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐"Honestly, I was afraid to send my paper to you, but you proved you are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 11***| Rating: ⭐⭐⭐⭐⭐
"This company is the best there is. They saved me so many times, I cannot even keep count. Now I recommend it to all my friends, and none of them have complained about it. The writers here are excellent."
"Order a custom Paper on Similar Assignment at essayfount.com! No Plagiarism! Enjoy 20% Discount!"
