You are a manager of a footwear store in Chadstone Shopping Centre. Over the last 3 months you have had unexplained stock losses and believe that someone is stealing the footwear and reselling the products on ebay.

1. Please provide 3 preventive internal controls you can implement to stop the loss of inventory. Your preventive controls should take into consideration that you are also trying to detect the theft of stock.
2. Outline two detective internal controls that will indicate that inventory is being stolen and that the stock losses are not due to recording errors.