Discuss how the principles of internal control apply to cash receipts over-the-counter by giving several examples of good control measures that should be implemented.

Internal control principles as applied to cash receipts should ensure that all cash received is properly recorded and deposited.Cash receipts generated via over-the-counter sales should be recorded on a cash register at the time of sale.The register should be located so customers can read the amounts entered,and clerks should give the customers a receipt for each sale.Custody of the cash should be separate from its recordkeeping,which means the clerk and cashier have access to the cash in the register,but a separate third employee without access to the cash has access to the cash register tape or file.The cash in the register should be compared to the cash register tape or file daily to reveal discrepancies.This meets the internal control principles of establishing responsibilities and dividing responsibility for related transactions.