A Company Makes a Legitimate,properly Authorised Payment to a Supplier

question 62

True/False

A company makes a legitimate,properly authorised payment to a supplier.The accountant changes the date of the transaction to shift it to a later time period.Because the transaction is legitimate,this action would not be considered unethical.

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Definitions:

Savings Account

A bank account that earns interest over time, allowing individuals to save money for future use.

Deposits

Funds placed into an account in a bank or financial institution for safekeeping or to earn interest.

Compounded Monthly

Describes the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a monthly basis.

Mortgage

A loan used to purchase real estate, secured by the property itself, which the borrower is obligated to pay back with a predetermined set of payments.