Fraudulent journal entries often have unique characteristics.These include
A)the use of an unrelated,unusual,or seldom used method in the entry
B)an entry made by an individual who does not normally make journal entries
C)an entry recorded at the end of a time period or as a post closing entry with a good explanation of the reason for the adjustment
D)new account numbers are associated with the entry
E)the journal entry contains round numbers or numbers with consistent ending digits
F)both A and B
G)both B and E
H)both A and E

Question

Quizplus · Accepted Answer

Fraudulent journal entries often exhibit signs that deviate from normal accounting practices, such as being made by individuals who typically do not make entries (B) and containing round numbers or numbers with consistent ending digits (E), which can indicate fabrication or manipulation.

Fraudulent Journal Entries Often Have Unique Characteristics.These Include