ACC 557 Week 5 Chapter 7( E7-5 E7-7 E7-14 P7-3A) FOR MORE CLASSES VISIT www. acc557tutor. com
Raw materials. Merchandise inventory. Finished goods. Work in process. ===================================================
ACC 557 Week 5 Chapter 7( E7-5 E7-7 E7-14 P7-3A) FOR MORE CLASSES VISIT www. acc557tutor. com
ACC 557 Week 5 Chapter 7( E7-5 E7-7 E7-14 P7-3A)
E7-5: Listed below are five procedures followed by Parson Company.............
Indicate whether each procedure is an example of good internal control or of weak internal control. If it is an example of good internal control, indicate which internal control principle is being followed. If it is an example of weak internal control, indicate which internal control principle is violated.............
E7-7: LaSalle Company established a petty cash fund on May 1, cashing a check for $ 100. The company reimbursed the fund on June 1 and July 1 with the following results. On July 10, LaSalle increased