The Following Procedures Were Recently Implemented at the Health Station

question 173

Essay

The following procedures were recently implemented at the Health Station, Inc. For each procedure, indicate whether the internal control over cash represents (1) a strength or (2) a weakness. If it is a weakness, explain why.
(a) All mail is opened by the mail clerk, who forwards all cash remittances to the cashier. The cashier prepares a listing of the cash receipts and forwards a copy of the list to the accounts receivable clerk for recording in the accounts.
(b) The accounts payable clerk prepares a voucher for each disbursement. The voucher along with the supporting documentation is forwarded to the treasurer's office for approval.
(c) At the end of each day, all cash receipts are placed in the bank's night depository.
(d) The bank reconciliation is prepared by the cashier, who works under the supervision of the treasurer.

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Definitions:

Nucleic Acid Bases

The parts of DNA and RNA molecules that carry genetic information, specifically adenine, thymine (in DNA), cytosine, guanine, and uracil (in RNA).

Three-Base Combinations

Sequences of three nucleotide bases in DNA or RNA, known as codons, which specify the addition of a specific amino acid to a growing polypeptide chain during protein synthesis.

mRNA Transcript

The single-stranded RNA molecule copied from one of the DNA strands of a gene, which is used as a template for protein synthesis in the ribosome.

Human XYZ Gene

This term does not correspond with standard genetic nomenclature or recognized genes, suggesting it may not be a real key term.