Fraud Examination 4th Edition by Steve Albrecht,Chad Albrecht,Conan Albrecht ,Mark Zimbelman

Exercise 104

Which of the following is a major difference between larceny and skimming
A) Larceny is committed before the cash is entered into the accounting system, while skimming is committed after the cash is entered into the system.
B) Larceny is committed after the cash is entered into the accounting system, while skimming is committed before the cash is entered into the system.
C) Larceny involves fraudulent disbursements of cash, while skimming involves fraudulent receipts of cash.
D) Larceny involves fraudulent receipts of cash, while skimming involves fraudulent disbursements of cash.