Phantom vendors involve _______.
A)purchases that are made from fictitious vendors
B)purchases that are made from fictitious employees
C)payments received from fictitious vendors
D)payments received from fictitious employees

Question

Quizplus · Accepted Answer

Phantom vendors involve purchases that are made from fictitious vendors. There are no actual goods or services being provided, and the payments made are going to someone who does not actually exist. This is a form of fraud that can result in significant financial losses for a company.

Phantom Vendors Involve _______