Which of the Following Is the Making of an Entry

question 24

Multiple Choice

Which of the following is the making of an entry into the books of a bank or corporation that is designed to represent the existence of funds that do not exist?

• A) False entries
• B) Defalcation
• C) False pretenses
• D) Ponzi scheme
• E) Pretexting

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Definitions:

Financial Projections

Estimates of future financial performance of a business, including forecasts of income, revenue, expenses, and capital requirements.

External Funding Requirement

The amount of money a company needs to raise from outside sources to finance its activities, investment, and growth.

Growth In Assets

An increase in a company's total assets over a period of time, reflecting expansion and acquisition of new assets for operations or investment purposes.

Current Liabilities

A company's debts or obligations that are due within one year, appearing on the company's balance sheet and including short-term loans, accounts payable, and other similar obligations.