Which of the following best describes the difference between skimming and cash larceny? 1. Cash larceny is
Question:
Which of the following best describes the difference between skimming and cash larceny?
1. Cash larceny is an “off-the-books” scheme, whereas skimming is an “on-the-books” scheme.
2. Skimming and cash larceny both involve the act, the concealment, and the conversion.
3. Skimming involves the act, the concealment, and the conversion, whereas cash larceny involves only the act and conversion.
4. Cash larceny and skimming are both “off-the-books” schemes.
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Option 3 Skimming involves the act the concealment and the conversion whereas cash larceny involves ...View the full answer
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Related Book For 
Forensic Accounting And Fraud Examination
ISBN: 9781119494331
2nd Edition
Authors: Mary Jo Kranacher, Richard Riley
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