When an employee who is authorized to make customer entries in the accounts receivable subsidiary ledger purposefully enters cash received into the wrong customer’s account that employee may be suspected of
A. kiting.
B. lapping.
C. floating.
D. shorting.
Answer:B
When an employee who is authorized to make customer entries in the accounts receivable subsidiary ledger purposefully enters cash received into the wrong customer’s account that employee may be suspected of
A. kiting. B. lapping. C. floating. D. shorting.