Ask Question
BusinessBusiness
12 April, 18:14

What are fraudulent credit approvals for accounts receivables and how can they be prevented?

+4
Answers (1)
  1. 12 April, 20:20
    0
    Fraudulent credit approval occurs when a dishonest employee intentionally grant credit accounts to fictitious customers. This type of fraudulent act can be prevented by requiring credit approval prior to shipment.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What are fraudulent credit approvals for accounts receivables and how can they be prevented? ...” 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
You Might be Interested in
Pharoah Co. uses the gross method to record sales made on credit. On June 1, 2017, it made sales of $50,400 with terms 3/15, n/45. On June 12, 2017, Pharoah received full payment for the June 1 sale.
Answers (1)
Edward Enterprises, which is debt-free and finances only with equity from retained earnings. You were given the following information: rRF = 3.50%; RPM = 4.50%; and b = 0.88.
Answers (1)
The ability to combine marketing knowledge with operations knowledge is an example of ___ skills. A. time-management B. integration C. functional D. implementation
Answers (1)
You are the project manager of a project that is running behind schedule. The project sponsor is very unhappy at the new finish date that you proposed, but he has accepted it.
Answers (1)
New technology improves production of home satellite dishes. At the same time, more people subscribe to cable TV. Show what will happen to equilibrium price and quantity of satellite systems.
Answers (2)
New Questions in Business
Direct comments taken from another author do not have to be paraphrased
Answers (1)
No Child Left Behind legislation is the current reauthorization of the Elementary and Secondary Education Act of 1965. True False
Answers (2)
Harry's Hotdogs is a small street vendor business owned by Harry Huggins. Harry is trying to get a better understanding of his costs by categorizing them as fixed or variable.
Answers (1)
A registered representative opens a new account for a customer by telephone and receives an order to sell 300 shares of ABC at the market.
Answers (1)
Brian brewster sold property to a buyer who paid him $400,000 cash and assumed an existing mortgage of $150,000
Answers (1)
Home » Business » What are fraudulent credit approvals for accounts receivables and how can they be prevented?
Sign Up Forgot Password?