1. (TCO 5) Tom Segal is the accountantfor GHC detailing. Tom receives and opens

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1. (TCO 5) Tom Segal is the accountantfor GHC detailing. Tom receives and opens all mail. Tom followscompany policies by separating customer checks from the remittanceadvices. Tom deposits the checks in the bank and posts the paymentsindicated on the remittance advices to the customers accounts inthe subsidiary ledger. At the end of each day Tom totals theamounts posted to the customers accounts and compares the total tothe bank deposit slip to ensure that all receipts are deposited inthe bank. What are some of the internal control weaknesses in thisscenario?What are some ways to strengthen thecontrols? (Points : 26)

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