Fraud Associated with the Capital and Investment Process Is

question 63

Multiple Choice

Fraud associated with the capital and investment process is:

• A)Is generally the actions of the employees handling the cash associated with transactions.
• B)Usually related to management fraud.
• C)Prevented by the use of electronic funds transfers.
• D)Usually not pursued by the Securities and Exchange Commission.

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Definitions:

Expense Accounts

Specific categories in accounting used to record and track money spent by a business on operational activities.

Debits

Entries that are made on the left side of an account ledger, representing an increase in assets or decrease in liabilities and equity.

Credits

Entries made on the right side of accounts, representing a decrease in assets or an increase in liabilities and equity.

Customers List

A compilation of information on clients who purchase goods or services from a business, often including contact details and purchase history.