Which of the Following Is a Correct Statement Regarding the Misappropriation

question 59

Multiple Choice

Which of the following is a correct statement regarding the misappropriation of receipts involving revenue?

• A) One of the easiest frauds to detect is when a sale is not recorded and the cash from the sale is stolen.
• B) If a customer's payment is stolen, regular billing of unpaid accounts can uncover the fraud unless the fraud perpetrator does something to hide the theft.
• C) Misappropriation of cash receipts is generally as material as fraudulent reporting of revenues.
• D) Analytical procedures can detect relatively small thefts of sales and related cash receipts.

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Definitions:

Pc

Often synonymous with Personal Computer, a general-purpose electronic computing device designed for individual use.

Solution

A mixture in which all the components are evenly distributed at the molecular level, or a way to solve a problem.

Tid

An abbreviation for "ter in die," a medical term meaning three times a day, usually in the context of prescribing medication.

Bid

An offer made by an individual or entity to buy something.