What Is the Distinction Between Theft and Embezzlement

question 76

Multiple Choice

What is the distinction between theft and embezzlement?

• A)The mens rea is different
• B)The amount taken
• C)The entrustment of the property
• D)They are the same crime.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts.

Ledger Accounts

Individual records providing detailed information about all the transactions related to a specific account, kept in the ledger of a company.