At the local cinema, you notice that there is a box office at the entrance...
80.2K
Verified Solution
Link Copied!
Question
Accounting
At the local cinema, you notice that there is a box office at the entrance where the cashier receives cash from customers and, with a press of a button, a machine ejects serially numbered tickets. To enter the movie theatre, a customer must present his or her ticket to the door attendant. The attendant tears the ticket in half and returns the stub to the customer. The other half of the ticket is dropped into a locked box.
Required
Identify and explain two internal control principles that you feel are present in this scenario.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!