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

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12-07-2017
Business

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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

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Erudite1 Erudite1 · Answer 1 · 2017-07-19T14:46:13+02:00

Erudite1 Erudite1

19-07-2017

The procedures are called PREVENTIVE CONTROLS. Preventive controls are part of internal control which are purposely built into the system.There are many types of preventive controls, for instance, separation of purchasing and accounting personnel in a company is an example of preventive control.

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