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F. Naz's Bachelor of Commerce in Business
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I have some information on the procedures below and I attached the control activities and information systems parts already completed I just need monitoring part help...
Info on procedures
the sales transactions. At the end of the night, the front end supervisor counts down the drawers, verifies the amount from each register to the sales journal and logs and tries to reconcile any discrepancies, the checks are also counted. The credit card slips are saved for about a month in a drawer in the cash office. After the front end supervisor has done that, a deposit slip is made. We have 7 registers altogether. The 2 registers at customer service each have 500 in them. The other keep 250 so the extra is put in the deposit. The MOD for the day then comes in after the front end supervisor is finished and verifies the deposit and also signs the deposit slip and the bag that is put in the safe. The safe is then also counted by the front end supervisor and the MOD and the MOD signs a log that the safe is accurate. Brinks comes and picks up the deposit. Any information would be sent electronically to the corporate office. The inventory is atomically updated at the end of each day. I