What are the cash handling procedures that a Domino's Manager must enforce?

• A. Ensure cash drawer counts are only done weekly
• B. Instruct employees to avoid using cash
• C. Perform regular cash audits and require receipts for all transactions
• D. Only conduct cash audits when discrepancies are noted

Answer: (C)

The correct approach emphasizes the necessity of performing regular cash audits and requiring receipts for all transactions. This procedure is essential for maintaining accurate financial records and ensuring accountability within the cash handling processes. Regular cash audits help to detect discrepancies early, establish patterns of cash flow, and ensure that all transactions are properly documented with receipts. By enforcing these practices, managers can minimize the risk of theft, errors, and fraud, while also fostering a culture of transparency and trust within the team.

The other options fail to prioritize effective cash handling. Limiting cash drawer counts to weekly intervals could result in missing discrepancies that might arise continually; therefore, regular auditing is more beneficial. Instructing employees to avoid using cash altogether is impractical, as cash transactions are part of the business model. Only conducting audits when discrepancies are noted could allow issues to go undetected for longer periods, which can lead to more significant financial discrepancies and is not a proactive approach to cash management.