Ask Question
25 May, 09:26

Which of the following warning signs could mean receipts are being pocketed before being deposited? A. missing documents or gaps in transaction numbers B. an unusual increase in customer refunds C. a sudden increase in cash payments D. a difference between daily bank and cash balance

+1
Answers (1)
  1. 25 May, 11:16
    0
    D. a difference between daily bank and cash balance

    Explanation:

    Once receipts are made, they will be recorded in the organisation or company's cashbook thus increasing the cash balance. If the receipts are not deposited into the bank account, there will be a difference between the cash and bank balance. Pocketing receipts in this manner is an example of a fraudulent activity.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following warning signs could mean receipts are being pocketed before being deposited? A. missing documents or gaps in ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers