Which of the following is the making of an entry into the books of a bank or corporation that is designed to represent the existence of funds that do not exist?
A) False entry
B) Defalcation
C) False pretenses
D) Ponzi scheme
E) Pretexting

Question

Quizplus · Accepted Answer

False entry refers to the act of making an entry into financial records that misrepresents the actual financial status, such as recording funds or assets that do not exist. This can be done to conceal theft, fraud, or to inflate the value of a company's assets falsely.

Which of the Following Is the Making of an Entry