Citation:Mirihagalla, M.K.D.L. & Silva, N.K.L. 2016. Tightening the Internal Controls. Case Studies in Accounting “Bridging the Gap”, 03: pp. 50-51. Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka.
Date:2016
Abstract:
XYZ Ltd is a company engages in distribution of pharmaceutical products to
pharmacies, groceries, hospitals and doctors. The distribution channel directly
operates with credit and cash sales through sales agents and cash collectors.
Sales system are mainly operated as credit and cash sales through agents and
cash collectors. Collectors are responsible of collecting the cash.
