McqMate
| Q. |
Which of the following statements is not true with regard to teeming and lading ? |
| A. | It results in the deliberate misappropriation of cash receipts |
| B. | It is associated with cash receipts |
| C. | If same individual maintains cash receipts and cash payments teeming and lading is likely to exist |
| D. | To conceal the shortage, the defraud, usually, tries to keep bank and book amounts in daily agreement so that a bank reconciliation will not detect the irregularity. |
| Answer» C. If same individual maintains cash receipts and cash payments teeming and lading is likely to exist | |
View all MCQs in
AuditingNo comments yet