Anderson embezzled $20,000 from her company's account in Bank X. At year-end, she hid the shortage by making a deposit on December 31 in Bank X, drawn on Bank Y. She has not recorded the transaction on the books. This is an example of:

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Business

Boston Petty

28 March, 22:32

Anderson embezzled $20,000 from her company's account in Bank X. At year-end, she hid the shortage by making a deposit on December 31 in Bank X, drawn on Bank Y. She has not recorded the transaction on the books. This is an example of:

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Answers (1)

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Sanai Walsh · Answer 1

Accounts Payable Fraud

Explanation:

Since Ms Anderson embezzled $20,00 from her company account and has not recorded the transaction on the books, presumably, She's an accountant. She made a deposit, on the turning of the fiscal year (december 31) for the record. The money must have been taken, via a check tampering, or a billing scheme or any kind of fraudulent reimbursement.