Which is not an example of the theft of accounts receivable?
A)Recording discounts to customers,stealing the cash,and then reducing accounts receivable for the amount of cash stolen.
B)Creating fictional invoices and customers and recording accounts receivable.
C)Writing off accounts receivable as uncollectible to hide receipts taken.
D)Posting upcoming payments to the account of a customer whose most recent payment was diverted.

Question

Quizplus · Accepted Answer

Creating fictional invoices and customers and recording accounts receivable is not theft of accounts receivable; it is a form of financial statement fraud or fictitious revenue scheme.

Which Is Not an Example of the Theft of Accounts