When an Employee Who Is Authorized to Make Customer Entries

question 103

Multiple Choice

When an employee who is authorized to make customer entries in the accounts receivable subsidiary ledger purposefully enters cash received into the wrong customer's account, that employee may be suspected of

• A) kiting.
• B) lapping.
• C) floating.
• D) shorting.

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Definitions:

Virtual Dictatorship

A form of government in which power is effectively concentrated in the hands of an individual or a small group, without the formal title of dictator, often lacking checks and balances or democratic processes.

Strictly Constitutional

Adhering rigidly to the Constitution, often implying a conservative or literal interpretation of this foundational document.

Self-Immolation

The act of setting oneself on fire as a form of protest or sacrifice, often associated with political or religious motives.

Thich Quang Duc

A Vietnamese Mahayana Buddhist monk who self-immolated in 1963 in protest against the persecution of Buddhists by the South Vietnamese government.