When Clipper Mail Order Co

question 65

Essay

When Clipper Mail Order Co.receives telephone and fax orders,the billing department prepares an invoice.The invoice is mailed immediately.A copy of the invoice serves as a shipping notice.The shipping department removes inventory from the warehouse and prepares the shipment.When the order is complete,the goods are shipped.The clerk checks the customer's credit before recording the sale in the general journal and the account receivable subsidiary ledger.
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The receptionist opens the mail and lists all payments.The receptionist also handles all customer complaints and prepares sales return forms for defective merchandise.The cashier records all cash receipts in the general journal and makes the appropriate entry in the accounts receivable subsidiary ledger.The cashier prepares the daily bank deposit.
Describe at least five internal control weaknesses at Clipper Mail Order Co.

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Definitions:

Advertising

Advertising is a form of marketing communication used to promote or sell a product, service, or idea through various media channels to influence consumer behavior.

Public Education

An education system funded and administered by the government, ensuring free access to education for all children.

Defense

Activities related to protecting a country from external threats and ensuring national security.

Automobile Industry

A sector of the economy focused on the manufacturing, design, and sale of motor vehicles, significantly impacting global economics, culture, and environmental policy.