Which of the Following Entries May Indicate Fraud Except

question 46

Multiple Choice

Which of the following entries may indicate fraud except:

• A) Journal entries made near the end of an accounting period
• B) Journal entries made without documentary support
• C) Journal entries that do not balance
• D) All of the above are frequently indicative of fraud

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Definitions:

Financial Statement

A financial statement is a formal record of the financial activities and position of a business, person, or other entity.

Permanent/Temporary

Categories representing either enduring, long-term attributes or conditions, or those that are short-lived and transient.

Post-closing Trial Balance

A list of all accounts and their balances after closing entries have been made, ensuring that debits equal credits.

Accounts Receivable

Money owed to a company by its customers for goods or services delivered on credit.