Two Sales Clerks Should Not Share the Same Cash Register

question 81

Essay

Two sales clerks should not share the same cash register. This is an example of the internal control principle of ______________________.

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Definitions:

Capital Contribution

The act of providing financial assets, such as money or property, to a partnership or company by its owners or members.

Share Losses

The decrease in the value of an individual's or entity's investment in stock or shares, typically reflected in the market price.

Partnership Property

Assets or property acquired by a partnership that are used in the business and owned collectively by the partners.

Management Rights

The prerogative of an employer to make decisions about operational and managerial aspects of the business.