The Following Procedures Were Recently Implemented at the Pampered Pets

question 71

Essay

The following procedures were recently implemented at the Pampered Pets, Inc. For each procedure, indicate whether the internal control over cash represents (1) a strength or (2) a weakness. If it is a weakness, please explain why.

(a) At the end of the day, cash register clerks are required to use their own funds to make up any cash shortages
in their registers.

(b) At the end of the day, an accounting clerk compares the duplicate copy of the daily cash deposit slip with the
deposit receipt obtained from the bank.

(c) After necessary approvals have been obtained for the payment of a voucher, the treasurer signs and mails the
check. The treasurer then stamps the voucher and supporting documentation as paid and returns the voucher
and supporting documentation to the accounts payable clerk for filing.

(d) Along with the petty cash receipts for postage, office supplies, etc., several postdated employee
checks are in the petty cash fund.

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Definitions:

Dessert Recipe

A set of instructions for preparing a specific sweet course or dish, often including ingredients like sugar, flour, butter, and eggs, intended to conclude a meal.

Ingredients

The components or raw materials used in the preparation of food, medications, or other products.

Representativeness Heuristic

A mental shortcut involving the assessment of similarities between individuals and group prototypes, and its effect on decision making.

Defense Attorney

A lawyer specializing in the defense of individuals and companies charged with criminal activity.