Fictitious transactions usually have:
A) the same level of documentary evidence as legitimate transactions.
B) a lower level of documentary evidence than legitimate transactions.
C) a higher level of documentary evidence than legitimate transactions.
D) no chance of being detected by comparing the level of documentary evidence to those of legitimate transactions.

Question

Quizplus · Accepted Answer

Fictitious transactions are deliberately falsified, and therefore, they usually have a lower level of documentary evidence when compared to legitimate transactions. These fabricated transactions are made to deceive and conceal the reality behind the transaction.

Fictitious Transactions Usually Have