Question: 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

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 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

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!

Q:

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...

Q:

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...

Q:

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...

Q:

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...

Q:

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...

Q:

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,...

Q:

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...

Q:

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...

Q:

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...

Q:

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...

Q:

Trial Balance (LO3-2) - Prepare a trial balance from the information in the general ledger. Some accounts will not have postings until after adjusting entries have been recorded. Account Equipment...

Q:

Write a report on Supply chain management and explain the following: Determine which best practices can be applied to the greatest number of small businesses. Explain your rationale. Analyze the...

Q:

Victor Graham is focused about how accounting information flows through the accounting system. He believes the flow of information is as follows. A debits and credits posted to the ledger. B business...

Q:

Please answer all parts!!! You neod coffee and FAST! You hop out of your Uber at a your favorite place, but with a history of a line. There is usually a line every time you come here (there is only...

Q:

DO CONTRACT WORKERSGETTHE SAME ENTITLEMENTS AS EMPLOYEES?

Q:

2.6 Explain the role of minimums established in employment standards legislation and the enforcement process.

Q:

2.5 Describe the purpose of employment equity programs.