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Author Archives: Anonymous

In accounting, the most important element of the fraud trian…

In accounting, the most important element of the fraud triangle is

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Notes or accounts receivables that result from sales transac…

Notes or accounts receivables that result from sales transactions are often called

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When two or more people get together for the purpose of circ…

When two or more people get together for the purpose of circumventing prescribed controls, it is called

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In preparing a bank reconciliation, outstanding checks are

In preparing a bank reconciliation, outstanding checks are

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A petty cash fund is generally established in order to

A petty cash fund is generally established in order to

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If employees are bonded

If employees are bonded

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In large companies, the independent internal verification pr…

In large companies, the independent internal verification procedure is often assigned to

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Which is not a factor that contribute to fraudulent activity…

Which is not a factor that contribute to fraudulent activity.

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What type of account is petty cash?

What type of account is petty cash?

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Reconciling the bank statement monthly is an example of

Reconciling the bank statement monthly is an example of

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