What type of control is a dealership using when they are checking a customer’s credit before approving them for a loan?Select answer from the options belowInternal ControlCorrective ControlDetective ControlPreventive Control

Which of the following is a preventive control?Select one:a.physical inventory countb.comparing the accounts receivable subsidiary ledger to the control accountc.bank reconciliationd.credit check before approving a sale on accountClear my choice

Authorizing a credit sale is an example ofSelect one:a.preventive controlb.corrective controlc.accounting controld.detective control

Describe control objectives, control procedures, control activities, direct controls, indirect controls and tests of control in relation to:The sales systemThe purchases systemThe payroll systemThe inventory systemThe bank and cash systemNon-current assets

These are proactive controls that are designed to prevent errors, omissions, loss, irregularities, or other undesirable events.Select one:a.detective controlb.accounting controlc.preventive controld.corrective control

These level of control attempt to detect errors, irregularities, or other undesirable events that have occurred and enable prompt corrective action.Select one:a.preventive controlb.detective controlc.accounting controld.corrective control