Question 3b
Marking Guide
up to 1 mark for each deficiency identified and explained, up to 1 mark for each suitable control and up to 1 mark per test of control. | |
| – junior clerk opens post | |
| – small locked box | |
| – cash not banked daily | |
| – cashier updates cash book and sales ledger | |
| – bank reconciliation not performed monthly | |
| max marks for deficiencies | 3 |
| max marks for controls | 3 |
| max marks for test of controls | 3 |