The university drama club is planning a raffle. The president overheard you talking about internal...

Question

The university drama club is planning a raffle. The president overheard you talking about internal control to another accounting student, so she asked you to set up some guidelines to ?omake sure?? that all money collected for the raffle is accounted for by the club.

Required
1. Describe guidelines that the club should follow to achieve an acceptable level of internal control.
2. Comment on the president’s request that she ?obe sure?? all money is collected and recorded.

Robert · Accepted Answer

Record the number of each raffle ticket in each persons possession .Count the tickets to make sure the numbers are in sequence and no number is missing.If more than one person is selling tickets,be sure you make record of the ticket numbers given to each sales person.

The university drama club is planning a raffle. The president overheard you talking about internal control to another accounting student, so she asked you to set up some guidelines to ?omake sure??...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment