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Author Question: Which of the following is a correct statement regarding the misappropriation of receipts involving revenue? (Read 30 times)

Gabby

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Which of the following is a correct statement regarding the misappropriation of receipts involving revenue?
◦ One of the easiest frauds to detect is when a sale is not recorded and the cash from the sale is stolen.
◦ If a customer's payment is stolen, regular billing of unpaid accounts can uncover the fraud unless the fraud perpetrator does something to hide the theft.
◦ Misappropriation of cash receipts is generally as material as fraudulent reporting of revenues.
◦ Analytical procedures can detect relatively small thefts of sales and related cash receipts.


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Marked as best answer by Gabby on Aug 21, 2022

ad2018

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Gabby

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review


Viet Thy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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