A Common Accounts Receivable Fraud Is Lapping

Multiple Choice

A common accounts receivable fraud is lapping.Which of the following is a more sophisticated accounts receivable fraud?

A) Using journal entries to write off accounts against the allowance for doubtful accounts.
B) Applying cash from one customer's receivable to that of another to cover the earlier deficit.
C) Recording large discounts for the clients.
D) Both A and C.