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NEW QUESTION 54
All of the following items appear on the balance sheet EXCEPT:

• A. Retained earnings
• B. Liabilities
• C. Cost of goods sold
• D. Assets

Answer: A

Explanation:
Explanation/Reference: https://www.investopedia.com/articles/fundamental-analysis/10/creative-accounting-balance-sheet.asp

NEW QUESTION 55
A voucher is:

• A. a file that includes the purchase order that was send to the vendor, the vendor invoice listing the cost and quantity of items purchased, and the internal receiving reports that verify the purchased items have been delivered.
• B. a report that includes the purchase order that was send to the vendor, the vendor invoice listing the quality and quantity of items purchased, and the external receiving reports that verify the items have been sold.
• C. a mammogram that includes the purchase order that was send to the purchaser, the purchaser invoice listing the benefits and quantity of items purchased, and the internal receiving reports that verify the purchased items have been sold.
• D. a figure that includes the sale order that was send to the dealer, the vendor invoice listing the cost and quantity of items sold, and the internal receiving reports that verify the purchased items have been delivered.

Answer: A

NEW QUESTION 56
Multiple cashiers operate from a single cash drawer without separate access codes is a red flag for:

• A. Register scheme
• B. Fraudulent scheme
• C. Disbursement scheme
• D. Force inventory scheme

Answer: A

NEW QUESTION 57
How many accounts are affected in fraudulent accounting entries and therefore same number of categories on the financial statement?

• A. None of above
• B. One
• C. More than two
• D. At least two

Answer: B

NEW QUESTION 58
......

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