Day 18 (CA)

GOAL: Before you leave today you will know about internal controls and how to establish a banking system for your business.

  1. Read pages 238-240 about Internal Controls & WATCH THIS VIDEO
  2. Read pages 241-244 about Using a Checking Account & WATCH THIS VIDEO & WATCH THIS VIDEO
  3. In an email message to me in your own words explain what internal controls are and why they are important for a business. Also explain the procedure for recording deposits and withdrawals.