The City bank of Techiman has a problem. It has three employees who must perform the following functions
maintain general ledger
maintain accounts payable ledger
maintain accounts receivable ledger
prepare cheques for signature
maintain disbursement for journal
Reconcile the bank accounts
handling and deposit cash receipts
Assuming there is no problem as to the reliable of any of the employees. in a manner that achieves the greatest segregation of duties. it may be assume that these may employee will perform no other accounting function than the ones listed. and that any other accounting function not listed will be performed by person other than these three employees.
be prepare to give reason for your decision
state how you will distribute the above function among the three employees.
list any possible unsatisfactory combination of the above listed function and give reasons.
what control will you put in place if segregation is not always possible.