Thursday 22 November 2012

A fraudulent cash scheme to overstate cash assets at year end by recording deposits in transit in both the account from which the cash is withdrawn and the account to which it is transferred is • Restrictive endorsements of cash. • Restrictive endorsements of cash. • Embezzlement of cash • Lapping of cash • Kiting of cash

A fraudulent cash scheme to overstate cash assets at year end by recording deposits in transit in both the account from which the cash is withdrawn and the account to which it is transferred is

·        Restrictive endorsements of cash.

·        Restrictive endorsements of cash.

·        Embezzlement of cash

·        Lapping of cash

·        Kiting of cash



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