Which of the following is an example of poor internal control?
a. The accounting department compares goods received with the related purchase order
b. Employees must take vacations
c. Rotate employees through various jobs
d. The mailroom clerk records daily cash receipts in the journal
Driver Corporation has asked you to prepare its bank reconciliation at the end of the current month. Answer questions 4–8 using the following code letters to indicate how the item described would be reported on the bank reconciliation.
a. Deduct from the book balance
b. Does not belong on the bank
c. Add to the bank balance
d. Deduct from the bank balance reconciliation
e. Add to the book balance
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