Assume that the following problems with the processing ofRusty Nail Pty Ltd’s cash receipts

Assume that the following problems with the processing ofRusty Nail Pty Ltd’s cash receipts transactions occurred.List and discuss the internal controls that could beimplemented to prevent or detect each problem.a. Recorded receipts of $2,500 were diverted to the personal useof the cashier, as the company only deposited money at the bank once a week.b. A mail remittance of $500 in cashwas misappropriated before being receipted.c. A cash sale for $2,000 was not recorded in the cash registerand was put into the cashier’s pocket.d. A payment received from a debtor was entered into thecash receipts journal but was deliberately not posted to the individualdebtor’s account so it could later be misappropriated from a fictitiousdebtor’s account.e. Cash of $10,000 was stolen from an unlocked cash register,which was also left unattended by a casual employee who was not authorised tobe in that area.