Question

at starbucks, customers use cash or credit cards to make purchases. what control problem may occur when employees accept cash for a sale?

Answer 1

When employees collect cash for a sale, a control issue could arise since they might be inclined to steal.

Explain about the cash purchases?

A business makes a cash purchase when it pays for products or services right away after ordering or receiving them. The supplier does not grant credit. Account payable is not established. Regardless of whether the company utilizes accrual basis accounting or cash basis accounting, the resulting expense is promptly reported to an expense account.

In contrast to the income statement, the cash flow statement records cash purchases more directly. In actuality, precise cash outflow events are completely absent from the revenue statement.

For instance, a customer might enter a store and buy an apple using a debit card. Debit cards operate similarly to cash in that they immediately deduct the amount due for the apple from the buyer's bank account. There is a cash exchange here.

To learn more about cash purchases refer to:

brainly.com/question/25770850

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