Brathert Company is a small company with four people working in the revenue processes. One of the four employees supervises the other three. Some tasks that must be accomplished within the revenue processes are the following: Accounts receivable record keeping Approving credit of customers Authorizing customer returns Authorizing new customers Billing customers Cash receipts journal posting Entering orders received Inventory record keeping Maintaining custody of cash Maintaining custody of inventory Reconciling records to the bank statement
From the preceding list, assign all the duties to each of four employees: supervisor, employee 1, employee 2, and employee 3. No employee should have more than three tasks, no two employees should have any of the same tasks, and there should be a proper separation of duties to achieve appropriate internal control. List the four people, the duties you assign to each employee, and a description of why those assignments achieve proper separation of duties.