Separation of duties. your small business client, phillip’s computer repair shop, is experiencing financial difficulties and has to lay off one of its four employees in the accounting area. phillip has asked you to determine what duties should be assigned to the three remaining employees—abigail, bryan, and chris—to maintain the best separation of duties. required: assign the following 10 duties to each of the three employees. reconcile bank statement. open mail and list checks. prepare checks for phillip’s signature. prepare payroll checks. maintain personnel records. prepare deposit and take to bank. maintain petty cash. maintain accounts receivable records. maintain general ledger. reconcile accounts receivable records to general ledger account.

The correct answer is the following.

Knowing that employee's lay off is common in unpredictable times in business, a good leader or counselor should make tough decisions that benefit the company. In this case, after firing one employee, Philip needs to resign activities to the other three employees. So in order to have the proper internal control of the business activities, the correct separation of duties must continue to assure proper internal control.

So the activities would be assigned as follows:

Abigail:  reconcile bank statements, maintain personnel records, and reconcile accounts receivable records to the general ledger account.

Bryan: open mail and list checks, prepare deposit and take to the bank, maintain petty cash, and maintain the general ledger.

Chris: prepare checks for Phillip’s signature, prepare payroll checks, and maintain accounts receivable records.

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