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Question 1 Classify the following controls as preventive, detective, or corrective 1. A control procedure designed so that the employee that records cash received

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Question 1 Classify the following controls as preventive, detective, or corrective 1. A control procedure designed so that the employee that records cash received from customers does not also have access to the cash itself (2 Marks) 2. Duplicate checking of calculations and preparing bank reconciliations and monthly trial balances. (2 Marks) 3. Maintaining backup copies of files, correcting data entry errors, and resubmitting transactions for subsequent processing. (2 Marks) 4. Approving customer credit prior to approving a sales order. (2 Marks) 5. Procedures to resubmit rejected transactions (2 Marks)

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