Lapping Is a Method of Stealing Cash in Which an Employee

True/False

Lapping is a method of stealing cash in which an employee steals a customer payment and uses funds from a subsequent customer payment to post to the first customer's account, using funds from a third customer payment to post to the second customer's account, and continuing on in that pattern until a valid account is written off as a bad debt, the perpetrator is caught, the perpetrator leaves the firm, or some combination of those three possibilities.