
Fraud Examination 4th Edition by Steve Albrecht,Chad Albrecht,Conan Albrecht ,Mark Zimbelman
Edition 4ISBN: 978-0538470841
Fraud Examination 4th Edition by Steve Albrecht,Chad Albrecht,Conan Albrecht ,Mark Zimbelman
Edition 4ISBN: 978-0538470841 Exercise 100
Each of the following illicit revenue transactions is correctly linked with the financial statement accounts involved except:
A) Recognizing revenues too early-Accounts Receivable, Revenue.
B) Understate allowance for doubtful accounts-Bad Debt Expense, Allowance for Doubtful Accounts.
C) Don't write off uncollectible receivables-Sales Returns, Sales Discounts.
D) Don't record discounts given to customers- Cash, Sales Discounts, Accounts Receivable.
E) Record returned goods after the end of the period-Sales Returns, Accounts Receivable.
A) Recognizing revenues too early-Accounts Receivable, Revenue.
B) Understate allowance for doubtful accounts-Bad Debt Expense, Allowance for Doubtful Accounts.
C) Don't write off uncollectible receivables-Sales Returns, Sales Discounts.
D) Don't record discounts given to customers- Cash, Sales Discounts, Accounts Receivable.
E) Record returned goods after the end of the period-Sales Returns, Accounts Receivable.
Explanation
.
Explanation:
Don't record discounts...
Fraud Examination 4th Edition by Steve Albrecht,Chad Albrecht,Conan Albrecht ,Mark Zimbelman
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255