Ms. Fatma is cashier working in Spar Super Market. She purposely does not records the amount received by customer. Many times, she records less amount in the books of account compare to actually received by customer. To manage her mistake in record of cash transaction, she records fictitious transaction. Several time she got caught by manager for recoding more amount than the actual paid amount to supplier. You are requied to decsibe the given situation in context of manipulation of cash , Also suggest any three required action to control such type of cash manupullation.
Ms. Fatma is cashier working in Spar Super Market. She purposely does not records the amount received by customer. Many times, she records less amount in the books of account compare to actually received by customer. To manage her mistake in record of cash transaction, she records fictitious transaction. Several time she got caught by manager for recoding more amount than the actual paid amount to supplier. You are requied to decsibe the given situation in context of manipulation of cash , Also suggest any three required action to control such type of cash manupullation.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ms. Fatma is cashier working in Spar Super Market. She purposely does not records the amount received by customer. Many times, she records less amount in the books of account compare to actually received by customer. To manage her mistake in record of cash transaction, she records fictitious transaction. Several time she got caught by manager for recoding more amount than the actual paid amount to supplier. You are requied to decsibe the given situation in context of manipulation of cash , Also suggest any three required action to control such type of cash manupullation.
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