Cash Receipts from Sales on Account Terms of 2/10,net 30

question 11

Multiple Choice

Cash receipts from sales on account terms of 2/10,net 30 have been misappropriated.Which of the following acts would conceal this defalcation and be least likely to be detected by an auditor?

• A)understating the sales journal
• B)overstating the accounts receivable subsidiary ledger
• C)understating the accounts receivable subsidiary ledger
• D)understating the cash receipts journal

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Definitions:

Responsibility

The state or fact of being accountable or to blame for something, implying the duty to deal with something or of having control over someone.

Workgroup

A collection of individuals who come together to achieve a common goal or task, often in a professional context.

Behavior-Focused Strategies

Approaches used in managing human behavior, especially in organizational settings, that aim to shape, guide, and reinforce desirable behaviors while discouraging undesirable ones.

Self-Awareness

Being aware of our own feelings, behaviors, personalities, likes, and dislikes.