ACCT 7235 Chapter : Ch03

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15 Mar 2019
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Cash misappropriations are divided into two broad groups: fraudulent disbursements schemes and cash receipts. 2: jan ashley worked for the r&s department store as a sales associate in the fine linens department. As she would give change back to a customer for cash sales, she would also pull out a bill and slip it in her pocket. She concealed her scheme by issuing one false refund at the end of her shift for the total amount she stole that day. This is an example of what type of scheme: sales skimming, larceny at the point of sale, lapping, larceny at the deposit, dorothy mcnally stole from the company deposit while on the way to the bank. She can conceal the theft by recording the missing amount on the bank reconciliation as a(n): deposit in transit, outstanding check, credit memo, none of the above, jeff lewis is an accounts receivable clerk for ftb industries.

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