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1. Using a T-chart, how would one account for fraudulant activity taking place in a company? Mike used to work at a car dealership and
1. Using a T-chart, how would one account for fraudulant activity taking place in a company? Mike used to work at a car dealership and was responsible for dealing with and approving invoices for goods and services. Mike fradulantly stole 7 million dollars over the course of 3 years from the company by fabricating invoices and approving invoices that were sent to accounts that he controlled. What is/what are the accounting techniques apppied and what does the proper T - chart look like for this transaction/these transactions?
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