E7-2 Ricci's Pizza operates strictly on a carryout basis. Customers pick up their orders at a counter where a clerk exchanges the pizza for cash. While at the counter, the customer can see other employees making the pizzas and the large ovens in which the pizzas are baked. Instructions Identify the six principles of internal control and give an example of each principle that you might observe when picking up your pizza. (Note: It may not be possible to observe all the principles.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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E7-2 Ricci's Pizza operates strictly on a carryout basis. Customers pick up their orders at a
counter where a clerk exchanges the pizza for cash. While at the counter, the customer can
see other employees making the pizzas and the large ovens in which the pizzas are baked.
Instructions
Identify the six principles of internal control and give an example of each principle that
you might observe when picking up your pizza. (Note: It may not be possible to observe
all the principles.)
Transcribed Image Text:E7-2 Ricci's Pizza operates strictly on a carryout basis. Customers pick up their orders at a counter where a clerk exchanges the pizza for cash. While at the counter, the customer can see other employees making the pizzas and the large ovens in which the pizzas are baked. Instructions Identify the six principles of internal control and give an example of each principle that you might observe when picking up your pizza. (Note: It may not be possible to observe all the principles.)
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