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Determining the marketing expenses

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Reference no: EM132914969

You are a sales assistant in a real estate agency. You and the receptionist are the only staff in the office. One of your agency's new vendors comes into the office to pay the $2,000 marketing expenses agreed to in the sales agency agreement. The vendor gives you the $2,000 in cash.

Q1: When should this money be banked?

Q2: A purchaser brings $25,000 in cash to your office as a deposit on a property they are purchasing. What safety procedures would you follow when taking the cash to the bank for depositing?

Reference no: EM132914969

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