Question
Which of the following term describes the concealment
of shortage by delaying the recording of cash receipts?Solution
Lapping is a type of fraud which occurs when an employee alters accounts receivable records in order to hide the theft of cash . This is done by diverting a payment from one customer, and then hiding the theft by diverting cash from another customer to offset the receivable from the first customer.
Which of the following statements is/are correct?
(1) Eleventh Schedule deals with the matters of the Panchayats.
(2) There are 29 matte...
ISRO in August 2016 successfully test launched Supersonic Combustion Ramjet (Scramjet) Engine. Which of the following statements with regard to Scramje...
Which accounting equation forms the basis of the balance sheet?
The sugar present in fruits is :
Number of bones in thumb of hand?
Which of the following statement/statements is/are incorrect?
-
Remittances to India are primarily sent fro...
-
The bluish colour of water in the deep sea is due to:
Who is the Chief Election Commissioner of India as on March 2022?
At the conclusion of a party, a total number of 28 handshakes were exchanged. Every person in the party shook hands with every other person who atended ...
Match the following: