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Question - Shafinaz running a medium-sized 24 hours petrol station kiosk at Johor Bahru, Johor. The petrol station has six pump attendants cum general workers, a cashier and accounts clerk. The employees record their attendance using a punch card which they manually write their name, time and month of work. Each employee is required to keep their own punch card and submit it to the accounts clerk, at the end of every month. Any overtime payment will be verbally authorize by Shafinaz with flat-rate RM3.50 per hour. No other record is maintained as the owner is satisfied with the comprehensive information stated in the payroll master schedule. Cashier or account clerk would prepare a cheque based on the amount in the payroll master schedule and hand over the cheques to Syafinaz for her signature. The cheques are then distributed to the employees by cashier. Evaluate any FIVE weaknesses in the internal control system?
Guess Company reports $648,500 of net income for 2011 and declares $102,500 of cash dividends. What amount of net income is available to common stockholders?
the solo hotel opened for business on may 1 2014. here is its trial balancebefore adjustment on may 31solo hoteltrial
What The adjusted tax basis for Steve at the current tax year-end after incorporating the above activities that occurred during the year without consideration
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The bonds pay annually. How much would you pay for one of these bonds if you require a 7.5 percent yield to maturity
From your selected company, what two types of liabilities make up the largest percent of its current liabilities. Define a liability and how it can be used
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The following events took place for Video Wave Manufacturing Company during January 2016, the first month of its operations as a producer of digital video monitors:
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Sapling, Inc. is a 95%-owned subsidiary of Fir Enterprises. Provide Fir's entries reflecting the sale of the wood chipper
1. It has been suggested that over 70 percent of all buying decisions are made in the store and as a result, point-of-purchase advertising has grown in its appeal. Give three examples of point-of-purchase advertising that you have recently come ac..
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