What internal controls should be implemented to reduce the risk of theft, accounting homework help

Jack Spratt is opening a BBQ shack that will accept both cash and credit card payments. Identify some advantages and disadvantages of investing in a Point of Sale (POS) system to manage the sales and revenue processes. What internal controls should be implemented to reduce the risk of theft or error related to the correct handling of cash, credit card payments, and coupons?

Your well-written paper should meet the following requirements:

  • Be 3-4 pages in length.
  • Be formatted according to APA
  • Cite a minimum of two scholarly sources

     
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