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NEW QUESTION 42
One final means of concealing a register scheme, as with many kinds of fraud, is to destroy all records of the transaction.

• A. True
• B. False

Answer: A

NEW QUESTION 43
Blue sold $1,000 worth of merchandise and collected the payment from her customer in currency, but she only recorded the sale of $800 worth of merchandise. Blue turned $800 over to her employer and kept the remaining
$200. Blue's scheme is BEST classified as:

• A. An understated sales (skimming) scheme
• B. An unrecorded sales (skimming) scheme
• C. A false billing scheme
• D. A cash larceny scheme

Answer: A

Explanation:
Explanation/Reference: https://yellowbook-cpe.com/misappropriation-of-cash-larceny-skimming.html

NEW QUESTION 44
A journal in which all sales made on credit or cash are listed is:

• A. Accounts receivable journal
• B. General journal
• C. Disbursement journal
• D. Accounts payable journal

Answer: A

NEW QUESTION 45
The forms that allow noncash assets to be moved from one location in a company to another can be used to facilitate the misappropriation of those assets are called:

• A. Inventory usages
• B. Asset requisition
• C. All of the above
• D. Fake sales

Answer: B

NEW QUESTION 46
......

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