A person is said to be in _______ act, when the business which he transacts, or the money or property which he handles, is not for his own benefit, but for another person:

Correct Answer:A

Any expenses that are incurred but not paid by the end of the year are counted in our records of profit and loss, are called:

Correct Answer:A

When employee committing the fraud removes cash from the register and also the item allegedly being returned is debited back into the inventory, this refers to:

Correct Answer:D

Theft of incoming checks usually occurs when ______ is (are) in charge of opening the mail and recording the receipt of payments.

Correct Answer:A

When an incorrect total is carried from the journal to the ledger or from ledger to the financial statements, this method is called:

Correct Answer:A

Skimming cases can more likely to be detected by:

Correct Answer:B