How do fraudsters commit cash larceny from the bank deposit?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (14 reviews)
Fraudsters steal all or part of the deposit and conceal the scheme by destroying the bank statement ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
How do employees commit cash larceny of incoming receivables? How are the schemes concealed?
-
How do cash larceny schemes differ from fraudulent disbursements?
-
How do insurance guaranty funds differ from deposit insurance? What impact do these differences have on the incentive for insurance policyholders to engage in a contagious run on an insurance company?
-
Explain why an economic tradeoff exists between the number of trays and the reflux ratio.
-
Let T be the increase in height (in feet) of a tree one year after n experimental fertilizer stakes were driven into the ground 10 feet from the trees trunk. Identify the explanatory and the response...
-
The Clip Joint operates four barber's chairs in the student centre. During the week before semester break and the week before graduation, the Clip Joint experiences peak demands. Military-style...
-
You are a salesperson working for American Airlines calling on the vice president of a large manufacturing company. Many of the companys people travel all over the world, and you would like them to...
-
Rework in job costing, journal entry (continuation of 18-35). Assume that the 5 spoiled units of Whitefish Machine Shops Job #10 can be reworked for a total cost $1,800. A total cost of $5,000...
-
How might advancements in technology and globalization reshape the landscape of empowerment, and what ethical considerations arise in the pursuit of digital empowerment initiatives ?
-
F.Fuentes operates a business known as Variety Unlimited.Listed below are the name,number of allowances claimed,marital status,total hours worked, and hourly rate of each employee.All hours worked in...
-
What is force balancing and how is it used to conceal cash larceny?
-
What are some basic internal control procedures to deter and detect cash larceny schemes?
-
The sodium content of brands of cereal produced by two major manufacturers is shown. At α = 0.01, is there a significant difference in the variances? Manufacturer 1 Manufacturer 2 92 87...
-
shakari opens a saving account with a deposit of $3500. She deposits $500 six months later and $800 nine minths after opening the account. The balance in Shakari's account one year after she opened...
-
Donny Woods, Jamaica Johnson and Gerald Smith met while working at Applebees and attending college in Tampa. Donny and Jamaica attended South University to study business, while Gerald attended the...
-
Twenty-three years ago, Swiss snowboard designer Benno Bnziger and his German business partner Jeano Erforth decided they wanted to make bike riding fun again. At the time, cruiser bikes were out of...
-
Assuming the following, what is the annual return? Round to nearest whole number and use % symbol. The answer should look like 1 5 % quarterly dividend of $ 1 . 5 0 per share beginning stock price -...
-
20. You've decided that your office furniture needs to be upgraded. You borrow $8,000 from your local bank to buy furniture. If the bank will charge you 4% per year compounded monthly for 2 years,...
-
Match each of the key terms above with the definition that best fits it. Political feasibility ____ Questions in interviews that ask those responding to choose from among a set of specified...
-
Chloroplasts are illuminated until the levels of the Calvin cycle intermediates reach a steady state. The light is then turned off. How does the level of RuBP vary after this point?
-
This exercise explores the sensitivity of \(\log\)-optimality to the rebalancing frequency. Consider a market consisting of a risk-free asset with zero rate of interest and a stock that over 1 year...
-
What must an injured party prove to be successful in a claim for damages?
-
What are the different types of commercial damages?
-
What are the various categories and calculations used in ratio analysis?
-
Discuss the incident response steps and the recovery strategy and phases.
-
Compare and contrast planning and innovation with citation and references.
-
How are the tools used for planning, monitoring, and reporting in Six Sigma?
Study smarter with the SolutionInn App