Business
Business, 02.08.2021 20:30, thebestaround15

Whole Fruits Market took the following actions to improve internal controls. For each of the following actions, select the internal control principle the company followed. a. Preprinted forms are used to reduce the chance of missing transaction details
b. The most important assets of the business are insured.
c. Prohibit the recordkeeper to have control over cash.
d. Each cashier is designated a specific cash drawer and is solely responsible for cash in that drawer
e. Employees requesting purchases of inventory cannot approve payment for that inventory
f. Personal ID cards are used to limit access to only authorized employees
g. Digital time clocks are used to register which employees are at work at what times.
h. External auditors are regularly hired to evaluate internal controls
i. Detailed records of inventory are kept to ensure items lost or stolen do not go unnoticed.
j. Purchased an insurance (bonding) policy against losses from theft by a cashier

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