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 normally makes ledger entries
C)an entry recorded at the end of a time period or as a post closing entry with little or no 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 C
G)both B and D
H)Both C and E

Question

Quizplus · Accepted Answer

Fraudulent journal entries often exhibit characteristics that make them stand out from legitimate entries. These can include being recorded at the end of a period or as a post-closing entry with little or no explanation (C), and containing round numbers or numbers with consistent ending digits (E), as these practices can be indicative of someone attempting to manipulate the financial statements without a valid business reason.

Fraudulent Journal Entries Often Have Unique Characteristics.These Include