Question: Compare the first-digit frequency in the transactions in the table presented below with Benford's Law and explain the result. Amount (RM) Description Cheque No. 235.64

Compare the first-digit frequency in the transactions in the table presented below with Benford's Law and explain the result.

Amount (RM) Description Cheque No.

235.64 Payment for TM Bhd. for phone bill. 4401

654.36 Ah Chong Air-Con for fixing air-condition in December. 4402

4,987.36 Maju Used Car for a van. 4403

339.13 TNB Bhd for electrical bill in November. 4404

475.98 LHDN fortaxes. 4405

254.14 Mr. Muscular Ent. for tools set 4406

504.17 Mesra Depot for outdoor carport 4407

171.54 Cahaya IT for help with computer network 4408

326.54 Payment to TM Bhd for phone bill in January 4409

477.67 Bank Raya for loan payment 4410

Compare the first-digit frequency in the transactions in the table presented below with Benford's Law and explain the result. Amount (RM) Description Cheque No. 235.64 Payment for TM Bhd. for phone 4401 bill 654.36 Ah Chong Air-Con for fixing 4402 air-condition in December 4,987.36 Maju Used Car for a van 14403 339.13 TNB Bhd for electrical bill in 4404 November. 475.98 LHDN fortaxes 4405 254.14 Mr. Muscular Ent. for tools set 4406 504.17 Mesra Depot for outdoor carport4407 171.54 Cahaya IT for help with 14408 computer network 326.54 Payment to TM Bhd for phone 4409 bill in January 477.67 Bank Raya for loan payment 4410

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

QUESTION 2 (25 MARKS) Fraud is a crime that is seldom observed. It is not usually obvious that a crime has been committed. Only fraud symptoms, red flags or indicators are observed. a. Zaharul Hashim...

Compare the first-digit frequency in the transactions in the table presented below with Benfords Law and explain the result. Amount (RM) Description Cheque No. 235.64 Payment for TM Bhd. for phone...

I am confusing filling out the 6 tables! please help me to fill them out and also the excel calculation process! ACCY 303 Group Project: Constructive Capitalization of Operating Leases The purpose of...

Ratio Analysis - Access the information contained in your selected organization?s balance sheet and income statement to calculate the following: Liquidity ratios Current ratio Acid-test, or quick,...

Final Backgrounder Saskatchewan 831 489.6 420.2 14.2% Alberta 1,569 2,214.4 1,791.5 19.1% British Columbia 3,277 2,591.1 2,215.0 14.5% Yukon 167 73.1 66.3 9.3% Northwest Territories 99 53.4 44.9...

Commentary Beyond Black Box Epidemiology Douglas L. Weed, MD, PhD "Black box epidemiology" is the most recent addition to a long list of disciplinary subgroups although few practitioners would likely...

Compare the first-digit frequency in the transactions in this table below with Benford's Law. What are the results? Could fraud be occurring in this organization? AMOUNT DESCRIPTION CHECK NO. $2...

1. Compare the first-digit frequency in the transactions in this table below with Benfords Law. What are the results? 2. Could fraud be occurring in thisorganization? AMOUNT DESCRIPTION CHECK NO...

The Todman & Co. accounting firm audited the financial statements of Direct Brokerage, Inc. (DBI) from 1999 through 2002. Each year Todman issued an unqualified opinion that DBIs financial statements...

Two of the options are clearly mispriced. Which ones? At a minimum, what should the mispriced options sell for? Explain how you could profit from the mispricing in each case.

The decision regarding how much to increase the average pay level is in part a function of: Group of answer choices political astuteness. bureaucratic control. financial circumstances. decentralized...

Tinas Fine Juices is a bottler of orange juice located in the Northeast. The company produces bottled orange juice from fruit concentrate purchased from suppliers in Florida, Arizona, and California....

Glenville Company has the following information for April: Cost of direct materials used in production...................................$280,000 Direct...

Suppose that for 2010 Axel Companys current assets totaled $57,855; total assets totaled $449,999; current liabilities totaled $71,264; and total liabilities totaled $424,424. Calculate the...

Use the magnitudes (Richter scale) of the 600 earthquakes listed in Data Set 21 "Earthquakes" in Appendix B. In 1989, the San Francisco Bay Area was struck with an earthquake that measured 7.0 on the...

Refer to the annual report of Campbell Soup Company in Appendix A. a. Compute Campbell Soup's working capital at the end of Year 11. b. Campbell Soup reports net receivables totaling over $527...

The following process creates 1 0 , 0 0 0 good units per year The scrap rate of Process C is \ ( 2 0 \ % \ ) . Process B has a scrap rate of \ ( 1 0 \ % \ ) . To ensure that the raw material input to...

1. Discuss the following statement: Everything is seen, heard and said by a subject, and accordingly is subjective.

1. This chapter is designed to give the reader an understanding of how the way a problem is framed is crucial for how it is perceived, both by the recipient of a message and the person who wants to...

5. How is communication affected by how we demarcate the boundaries of a problem?