Which of the following terms describes the act of stealing cash revenue after it has been recorded in the accounting system?
A) cash larceny
B) register disbursement
C) less cash scheme
D) skimming
A
Explanation: A) Stealing cash revenue after it has been recorded in the accounting system is known as cash larceny.
Business
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Based on the information in Table 4-2, the return on equity is
A) 16.66%. B) 18.47%. C) 15.65%. D) 19.33%.
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A worksheet should be viewed as:
A. A financial statement to be distributed to investors. B. A financial statement to assist managers in making managerial decisions. C. A tool to assist accountants in making end-of-period adjustments and in preparing financial statements. D. A tool to assist auditors in determining that all transactions have been properly recorded throughout the period.
Business