Final Answer:
The given statement that "And employee must count his/her register at the end of their shift" is True
Step-by-step explanation:
It is a standard practice in many businesses, especially in the retail and service industries, for employees to count their register at the end of their shift.
This process, known as a cash register reconciliation or drawer count, involves verifying that the amount of cash in the register matches the expected total based on transactions made during the shift.
Counting the register at the end of the shift serves several purposes:
1. Accuracy: Ensures that the cash register accurately reflects the sales and transactions processed during the employee's shift.
2. Accountability: Holds the employee accountable for the cash in their possession and helps detect any discrepancies or errors.
3. Security:Reduces the risk of errors, theft, or other issues related to cash handling.
This practice is part of internal control measures to maintain financial accuracy, prevent fraud, and ensure that the business's financial records are reliable. It contributes to the overall integrity of cash management within a business.