Which of the Following Journal Entries Is Most Likely a Fraudulent

question 6

Multiple Choice

Which of the following journal entries is most likely a fraudulent journal entry?

• A) an entry involving debit to Accounts Receivable and credit to Sales Revenue
• B) an adjusting entry involving debit to Sales and credit to Loans to Employees
• C) an entry involving debit to Cash and credit to Notes Receivable
• D) an adjusting entry involving debit to Depreciation Expense and credit to Furniture

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Definitions:

Perry Preschool Project

An influential early childhood education study that demonstrated the long-term benefits of preschool education on economically disadvantaged children.

Longitudinal Research

A research design that involves repeated observations of the same variables (e.g., individuals) over short or long periods of time.

Project Head Start

Early childhood intervention program funded by the U.S. federal government that provides low-income children with nutritional, health, and educational services, as well as helps parents become involved in their children’s development.

Federal Government

The national government of a federated state, which shares sovereignty with its sub-national units.