A Fraud or Scam Carried Out Through the Internet Is

question 88

Multiple Choice

A fraud or scam carried out through the Internet is a form of ____.

• A) e-con
• B) dot con
• C) dot fraud
• D) e-scam

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Definitions:

Control Account

An account used in the general ledger to summarize transactions detailed in subsidiary ledgers for efficient reporting and verification purposes.

Subsidiary Ledger

A detailed ledger that contains the transaction details of accounts like accounts receivable or payable, which are summarized in the general ledger.

Controlling Account

A general ledger account that summarizes and controls the totals from various subsidiary accounts.

Subsidiary Ledger

A grouping of individual accounts that provide details to support a general ledger account.