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    Auditing Assurance Services Study Set 1
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    Exam 16: Audit of Transaction Cycles and Financial Statement Balances II
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    The Process of Transferring Money from One Bank Account to Another
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The Process of Transferring Money from One Bank Account to Another

Question 55

Question 55

Multiple Choice

The process of transferring money from one bank account to another and improperly recording the transaction is referred to as:


A) embezzling.
B) scamming.
C) kiting.
D) lapping.

Correct Answer:

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