Methods Used to Conceal Check Tampering Schemes Include All of the Following

question 20

Multiple Choice

Methods used to conceal check tampering schemes include all of the following except:

• A) Falsifying the disbursements journal
• B) Forced reconciliation
• C) Check kiting
• D) Re-altering the canceled checks

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Definitions:

Bad Debt Expense

A ledger showing the value of invoices that a business anticipates it will not be able to receive payment for.

Aging of Receivables

A method for managing accounts receivable by categorizing debts by their due ages to estimate the timing of collections.

Allowance for Doubtful Accounts

An estimation of the accounts receivable that a company does not expect to collect, serving as a contra account to accounts receivable.

Bad Debt Expense

The cost associated with accounts receivable that a company is not able to collect.