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NEW QUESTION 54

In ___________ scheme, an employee creates false vouchers or submits false invoices to the employer.

A. Cash generating
B. Purchase requisition
C. Voucher handling
D. Sale requisition

Answer: A

NEW QUESTION 55

A person is said to be in ________ act, when the business which he transacts, or the money or property which he handles, is not for his own benefit, but for another person:

A. Conversion
B. Fiduciary Capacity
C. None of the above
D. Embezzlement

Answer: B

NEW QUESTION 56

___________ is to allow the owner, investors, creditors and others with an interest to know the appropriate book worth of the business at a particular date.