400 words - two 200 words discussion each due at 3 pm pacific time on 11/11/2017

Discussion:

                          

Describe how the bank reconciliation can be used as an internal control tool for cash. Also, should the same person that receives cash payments prepare the bank reconciliation? Give at least one reason to support your answer. should be at least 150 words

Please reply and provide feedback to Brandon comment listed below. should be at least  50 words

                              

Brandon Hysong              
RE: Internal Controls  

Internal controls are organizational plans and all related measures adopted by an entity to safeguard assets, encourage employees to follow company policies, promote operational efficiency, and ensure accurate and reliable accounting records.  Some examples are physical audits, documentation, trial balances, separation of duties, etc...

Discussion:

                         

Explain the difference between a capital expenditure and a revenue expenditure. Also, give an example of each and explain the difference in the method of accounting for each expenditure. Explain if there are times that it would be in management's best interest shift an expenditure from a capital expenditure to a revenue expenditure? should be at least 150 words

Reply to another student comment - should be at least 50 words

This I will post later as soon as I have it.  This will be a requirement to complete this assignment.