In the Fraud Tree, All of the Following Are Categories

question 7

Multiple Choice

In the Fraud Tree, all of the following are categories of fraudulent disbursements except:

• A) Payroll schemes
• B) Cash larceny
• C) Check tampering
• D) Billing schemes

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Definitions:

Vendors and Expenses

Categories within accounting that track and manage the costs incurred from purchasing goods or services from suppliers.

Purchase Order

An official document issued by a buyer committing to pay the seller for the sale of specific products or services to be delivered in the future.

Vendor Transaction

A financial operation involving the purchase of goods or services from a supplier.

Receive Inventory

The process of accepting and documenting items or goods that are delivered to a company's warehouse or point of sale, often involving the update of inventory records.