I need help with a Accounting question. All explanations and answers will be used to help me learn.
1.Do you think the same person who receives cash payments should also prepare the bank reconciliation? Give at least one reason to support your answer. Answer in 5 sentences
and then below
agree or disagree to a post within 2-3 sentences
2.I worked for a business that allowed this sort of thing to happen. Every day there was one person in charge of taking all cash and making the bank drop at the end of the night. There was no rule stating that anyone had to go behind to double check the math. This resulted in several thousands of dollars of theft. On days that I was the cashier, I always had another associate and a manager double check my math and count the cash.
please number all the answers.