Which of the following is a common fraud symptom relating to ledgers? a. A ledger that does
Question:
Which of the following is a common fraud symptom relating to ledgers?
a. A ledger that does not balance.
b. A ledger that balances too perfectly.
c. Master account balances that do not equal the sum of the individual customer or vendor balances.
d. Both a and c.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
The common fraud symptom relating to ledgers is c Master account ...View the full answer
Answered By
Rohail Amjad
Experienced Finance Guru have a full grip on various sectors, i.e Media, Insurance, Automobile, Rice and other Financial Services.
Have also served in Business Development Department as a Data Anlayst
4.70+
32+ Reviews
83+ Question Solved
Related Book For
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
Question Posted:
Students also viewed these Business questions
-
(Multiple Choice) 1. Which of the following is not a fraud symptom related to journal entries? a. Unexplained adjustments to receivables, payables, revenues, or expenses. b. Journal entries that do...
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
Liz's Volleyball Warehouse has the following account balances at the end of the year: Sales $141,050 Sales Returns and Allowances 840 Sales Discounts 700 Purchases 73,500 Purchases Returns and...
-
Which statements are true about the requires directive? (Choose two.) A. Changing it to a requires direct directive is always allowed. B. Changing it to a requires direct directive is never allowed....
-
Enter the following transactions in a purchases journal like the one below. May 3 Purchased merchandise from Cintron, $6,500. Invoice No. 321, dated May 1, terms n/30. 9 Purchased merchandise from...
-
A manager wants to assign tasks to workstations as efficiently as possible and achieve an hourly output of four units. The department uses a working time of 56 minutes per hour. Assign the tasks...
-
Linda Budd went searching for a new friend and she found one for \($400.1\) A brand new puppy. She purchased the puppy from Bernadette Vicidomine, a person who regularly sells puppies. Budd took her...
-
The Campbell Company is evaluating the proposed acquisition of a new milling machine. The machines base price is $108,000, and it would cost another $12,500 to modify it for special use by your firm....
-
A bug sits on a record moving at a constant angular speed of 0 = 3.5 rad/s. Starting at t = 0 s, the record player is turned off and is given a constant angular acceleration of = 1.0 rad/s 2 . The...
-
If a perpetrator has stolen assets, which of the following is the easiest method for concealing the theft? a. Reduce liabilities (such as payables). b. Manipulate dividend or stock accounts. c....
-
Which element is not a common element of fraud? a. Concealment. b. Coercion. c. Conversion. d. Theft act. e. None of the above.
-
1. What is the strategic fit between Nomura and Lehman? 2. Is there any organizational fit? How to bridge the gaps between the cultures of these two firms? 3. How does Nomura alleviate the concerns...
-
For the following Truth Table: a. Determine the Un-Simplified SOP Boolean expression for the Output. b. Determine the Un-Simplified SOP Boolean expression for the Output. c. Simplify the SOP...
-
Unknown #:.36............. Initial Burette Reading (mL) Final Burette Reading (mL) Volume of KMnO4 used (L) #moles KMnO4 used #moles of oxalate in diluted solution Molarity of dilute solution...
-
3. a. Write a C program that includes a declaration in main() that stores the string "Vacation is near" in an array named message. Include a function call to display() that accepts message in a...
-
What challenges are faced by businesses when creating a Web presence?
-
CS 2810 Objective: The objective of this lab assignment is to demonstrate your ability in Moving data from memory locations to a register and vice versa; Negating a positive integer; Adding two...
-
W. Edwards Deming in his red bead experiment had a box of 4,000 beads, of which 800 were red and 3,200 were white.* Suppose a researcher were to conduct a modified version of the red bead experiment....
-
7. Baladna wants to analyze process that includes delivery by suppliers, production inside the company, transportation to to its customers and information systems. Then it also wants to find out...
-
Go to this texts Web site at academic. cengage.com/blaw/clarkson and select Chapter 44. Click on Video Questions and view the video titled Advertising Communication Law: Bait and Switch. Then answer...
-
Did the U.S. Court of Appeals for the Fourth Circuits attempt to equate the NSPS and PSD regulations implicitlywithout analysis or discussioninvalidate those regulations? Explain.
-
The Global Dimension Should the Court have ruled differently if the discharge had been into international or foreign waters rather than into the waters of the United States? Explain.
-
Conduct a search in reliable sources of information that talk about the characteristics of generation Y (Millennial) and generation Z (Gen 2) in terms of how they communicate through traditional or...
-
you are going to teach water confidence to a group of six students from your primary school.Be creative in your response. Introduce 5 safety rules upon their approach to the pool. Introduce them to...
-
Discuss the benefits of using Influencers. Identify possible liabilities of using Influencers that may not always act in an ethical manner. Then identify one or more Influencers you wish to use for...
Study smarter with the SolutionInn App