Which of the Following Is a Control Plan That Controls

question 11

Multiple Choice

Which of the following is a control plan that controls the entry of data by defining the acceptable format of each data field?

• A) document design
• B) written approval
• C) preformatted screens
• D) online prompting

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Definitions:

Credit Sales

Sales transactions where the payment is deferred to a future date, allowing customers to purchase goods or services on credit.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for.

Cash Budget

A budget that estimates cash inflows and outflows over a specific period of time, aiding in managing the company's cash balance.

Loan Balance

The remaining amount owed on a loan, not including future interest, at any given time.