In Which Approach, Fraudsters Produce Whatever Financial Statements They Wish

question 120

Multiple Choice

In which approach, fraudsters produce whatever financial statements they wish, perhaps using just a typewriter or a personal computer.

• A) Organized accounting
• B) Playing the accounting
• C) Beating accounting
• D) Outside accounting system

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Definitions:

Interest Calculation

The process of determining the interest charge on a loan or financial holding, based on the principal, rate, and period.

Time Expression

Phrases or terms used to indicate a specific period during which an event occurs or is scheduled to take place.

Maturity Dates

The specific dates on which a financial instrument such as a bond, loan, or fixed income instrument becomes due and is to be paid off.

95-Day Note

A financial instrument specifying repayment of a loan or debt within 95 days.