The Fraudulent Making or Altering of Any Writing in a Way

question 76

Multiple Choice

The fraudulent making or altering of any writing in a way that changes the legal rights and liabilities of another is called:

• A)Counterfeiting
• B)Forgery
• C)Falsifying records
• D)Altering documents

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Definitions:

Existing Account Payable

Existing Account Payable refers to accounts payable obligations that are currently outstanding, representing previous credit purchases yet to be settled.

Notes Payable

Short-term or long-term liabilities representing amounts owed to creditors or lenders, evidenced by a written promissory note.

Account Payable

Money owed by a business to its suppliers shown as a liability on the company's balance sheet.

Account Payable

Obligations or money owed by a company to suppliers or creditors for goods and services received that have not yet been paid for.