Counting inventory is an example ofSelect one:a.preventive controlb.accounting controlc.detective controld.corrective control
Question
Counting inventory is an example of
Select one:
- a. preventive control
- b. accounting control
- c. detective control
- d. corrective control
Solution
Analysis of Options
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Preventive Control: This type of control aims to prevent errors or irregularities before they occur. It is proactive in nature.
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Accounting Control: This refers to the methods and procedures that ensure the accuracy and reliability of accounting information.
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Detective Control: This control identifies and detects errors or problems after they have occurred. It is reactive and is implemented to ensure any issues that arise can be caught.
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Corrective Control: These controls are about fixing problems that have been detected. They ensure that once an issue is identified, measures are taken to resolve it.
Conclusion
Counting inventory is primarily a detective control because it involves verifying the accuracy of inventory records and identifying any discrepancies after they have been reported. Therefore, the best option for the question is:
Final Answer: c. detective control
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