23 Dec Internal Control ProceduresYou are opening a summe
Internal Control ProceduresYou are opening a summer business, a chain of three drive-through snow-cone stands. You havehired other college students to work and have purchased a cash register with locked-in tapes. Youretain one key, and the other is available to the lead person on each shift.Required1. Write a list of the procedures for all employees to follow when ringing up sales and givingchange.2. Write a list of the procedures for the lead person to follow in closing out at the end of the day.Be specific so that employees will have few if any questions.3. What is your main concern in the design of internal control for the snow-cone stands? Howdid you address that concern? Be specific.
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