Reconciliation of cash accounts may be referred to as what type of control?
A)Detective.
B)Preventive.
C)Adjustive.
D)Non-routine.

Question

Quizplus · Accepted Answer

Reconciliation of cash accounts is a detective control, as it is done after transactions have occurred in order to identify errors or discrepancies. Preventive controls, on the other hand, are put in place to prevent errors or fraud from occurring in the first place. Adjustive controls involve making adjustments to correct errors or discrepancies, while non-routine controls are put in place for specific or one-time situations.

Reconciliation of Cash Accounts May Be Referred to as What