PART I — Cash Process

Your client who owns a farm stand, has come in requesting you to review their cash process, to identify if there are any gaps in their cash handling process.  If you can please identify 5 problems in the cash process narrative and identify a potential solution to address the issues.

Narrative: 

The farm stand does not have a cash register but uses an old toolbox instead that does not lock.  There are no receipts offered to customers, even if they ask for one.  At the end of each business day - no one counts the total cash on hand from the days sales.  Everyone has access to the toolbox and knows that it is stored below the service counter at night. Cash is gathered once a week by the manager, who also completes the bank reconciliation, generally they complete the bank rec several months late.

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