The Accountant Called the Bank After Noticing That a $200

question 143

Multiple Choice

The accountant called the bank after noticing that a $200 deposit made on July 21 did not appear on the July 31 bank statement.This call is an example of a ________.

• A)business control
• B)detective control
• C)corrective control
• D)preventive control

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Definitions:

Equity Preservation

Strategies and practices aimed at maintaining or increasing the value of shareholders' equity in a company.

Optimal Way

The most efficient or effective method for achieving a specific goal or outcome.

Serious Cash Shortage

A financial situation where an entity lacks sufficient funds to cover its immediate or short-term obligations, leading to potential liquidity issues.

Venture

An undertaking that is typically risky but offers the potential for significant rewards, often associated with new businesses or startups.