Question
Kevin Malone, an accounting clerk, has stolen $1,700 in cash from the company where he is employed. He does the bank reconciliation this month and
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Kevin Malone, an accounting clerk, has stolen $1,700 in cash from the company where he is employed. He does the bank reconciliation this month and knows that the bank reconciliation will be out of balance by $1,700 because of his theft. He decides to falsify the amount of the outstanding cheques. Why would he do this, and why would he overstate or understate the outstanding cheques?
Kevin Malone, an accounting clerk, has stolen $1,700 in cash from the company where he is employed. He does the bank reconciliation this month and knows that the bank reconciliation will be out of balance by $1,700 because of his theft. He decides to falsify the amount of the outstanding cheques. Why would he do this, and why would he overstate or understate the outstanding cheques?
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
