Allison Everhart, an employee in accounts payable, believes she can run a fictitious invoice through the accounts

Question:

Allison Everhart, an employee in accounts payable, believes she can run a fictitious invoice through the accounts payable system and collect the money. She knows payments are subject to an audit. Which account would be the best place to hide the fraud?

a. Inventory.

b. Wage expense.

c. Consulting service expense.

d. Property tax expense.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...