Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Which of the following fraudulent entries is most likely to be made to conceal the theft of an asset ?

<p style="text-align:left;"><span>Debit expenses, and credit the asset</span><span>.</span><span> -</span></p> <p style="text-align:left;"><span><span>  </span></span><span>Debit the asset, and credit another asset account</span><span>.</span><span>- </span></p> <p style="text-align:left;"><span><span>  </span></span><span>Debit revenue, and credit the asset</span><span>.</span><span>-</span></p> <p style="text-align:left;"><span><span>  </span></span><span>Debit another asset account, and credit the asset</span><span>.</span><span> -</span></p>

user-image
Question added by Deleted user
Date Posted: 2014/10/01
Abed  Othman
by Abed Othman , Financial Administrative Assistant , United Nations International for immigration

Debit expenses, and credit the asset.

Sara Khan
by Sara Khan , financial and admin assistant , Ministry Of Defence

Thanks for the invitation..answer is debit the expenses and credit the assets.

Ibtisam Haider Syed
by Ibtisam Haider Syed , General Accountant , DAR AL AQAR REAL ESTATE LLC

 Most fraud perpetrators would attempt to conceal their theft by charging it against an expense account

Deleted user
by Deleted user

first one is the answer

because

Most fraud perpetrators would attempt to conceal their theft by charging it against an expense account

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

The correct answer Debit expenses, and credit the asset. -

mohammed mohammed danial mahdy
by mohammed mohammed danial mahdy , رئيس حسابات , شركة عايد دحيم الحمود للتجارة والمقاولات - (شركة مساهمه مقفله)

.Thanks for the invitation & the correct answer is Debit expenses, and credit the asset

Salah Othman Yousef Alshambaati
by Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

The first answer

Asim Azaldeen Abdalrahman Mhammed
by Asim Azaldeen Abdalrahman Mhammed , Property Manager , TAAM PROPERTY

Number1 is the answer

More Questions Like This