Which fraud is committed by an employee who doesn't record customer sales and pockets the payment?
A) Larceny
B) Disbursement
C) Skimming
D) Illegal gratuities

Question

Quizplus · Accepted Answer

Skimming involves the theft of cash or other valuables before they are recorded in the company's books. In this case, the employee is not recording the customer sales and pocketing the payment, which is a form of skimming. Larceny involves the theft of company property without any pretense of a legitimate transaction, disbursement fraud involves the employee making false payments to themselves or others, and illegal gratuities involve an employee accepting a bribe or kickback for providing favorable treatment.

Which Fraud Is Committed by an Employee Who Doesn't Record