What happens when an employee records a fictitious refund of goods at his cash register? Question 1Answer a. The victim company’s inventory is understated. b. A disbursement from the register is unrecorded. c. The victim company’s inventory is overstated, and a disbursement from the register is recorded. d. The victim company’s inventory is unreported, and a disbursement from the register is overstated

What happens when an employee records a fictitious refund of goods at his cash register? Question 1Answer a. The victim company’s inventory is understated. b. A disbursement from the register is unrecorded. c. The victim company’s inventory is overstated, and a disbursement from the register is recorded. d. The victim company’s inventory is unreported, and a disbursement from the register is overstated

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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What happens when an employee records a fictitious refund of goods at his cash register? a. A disbursement from the register is unrecorded. b. The victim company’s inventory is unreported, and a disbursement from the register is overstated c. The victim company’s inventory is overstated, and a disbursement from the register is recorded. d. The victim company’s inventory is understated.
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