question archive Procedures designed to protect cash from theft and misuse from the time it is received until it can be deposited in a bank are called accounting controls cash controls preventive controls detective controls
Procedures designed to protect cash from theft and misuse from the time it is received until it can be deposited in a bank are called accounting controls cash controls preventive controls detective controls
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Procedures designed to protect cash from theft and misuse from the time it is received until it can be deposited in a bank are called
-
- accounting controls
- cash controls
- preventive controls
- detective controls
Procedures designed to protect cash from theft and misuse from the time it is received until it can be deposited in a bank are called
-
- accounting controls
- cash controls
- preventive controls
- detective controls
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Answer:
C .
Step-by-Step explanation
Controls which are designed for the motive of preventing error or fraud before it happens or occurs are termed as preventive controls. Hence procedures which are designed by the entity to safeguard cash from theft or misuse when received until it is deposited in bank is an instance of preventive control. Henceforth, option C is correct.
