Question
Carl Jeffery is a bookkeeper for Watson Company. He tells you about a plan that he has devised: When an account is to be written
Carl Jeffery is a bookkeeper for Watson Company. He tells you about a plan that he has devised: When an account is to be written off and the customer sends a check for part of the balance, why not cash the check, pocket the money, and write off the full amount of the account: Who will ever know? The customer will receive the canceled check from the bank, so he or she will think that Watson received the money. The management of Watson will see from the accounting records that the customer's account was written off and will not know about the money.
Directions:
Write a memo to Carl. Convince him that his plan is very wrong and he should not put it into action.
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