question archive Cash receipts from sales on account have been misappropriated
Cash receipts from sales on account have been misappropriated
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Cash receipts from sales on account have been misappropriated. Which of the following acts would conceal this defalcation and be least likely to be detected by the auditor?
a. Understating the sales journal.
b. Overstating the accounts receivable control account.
c. Overstating the accounts receivable subsidiary records.
d. Understating the cash receipts journal.
Option 1
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Option 2
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