cash receipts

Question 1

what protocols should be done to cash register

Answer 1

if the cash register is used by more that one person in a day , full procedure should be carried out before each shift takes place

e daily roll of cash register must be placed by new roll , cash in register must be counted In presence of cashier

cash register should not be near exists

no payments to be made from till

physicals security over to till to prevent stealing

Question 2

what should be done to cash

Answer 2

document must be issued for all cash recieved

cash recieved must be recorded immediately

cash must be deposited in bank daily

cash must be kept in safe place until deposited (drop safe)

Question 3

what must be checked or done

Answer 3

regular surprise count of cash

cancelled receipts to be investigated

monthly bank stamens to be checked with CRJ

total receipts and cash slips should agree with deposit slip

division of duties (person recording cash Journal not have access to general journal )