Answer:
The original records (Option C) is the only option that gives evidence that the event has occurred. Lets assume you own a car, now how will you prove that you own the car. Of course you will show the ownership papers to tell relevant authority that you own this car. Likewise in the company, their is huge flow of data. The events occurring are recorded in the accounting system but their evidences are kept in the file. According to the International Standard on Auditing ISA 500, the evidence is must be reliable. This means the original records are always reliable because they are confirmations from the parties that are independent of the company's operations.
Howdy Hey there,
The answer I believe you are looking for is....
B & C!
"By clicking the mouse" & "By pressing the Page Down key"
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Answer:
The correct answer is letter "D": Total mileage for each use would not include the mileage from the other business use.
Explanation:
In case the same vehicle is used for two different businesses, for tax return purposes, the mileage used for each business must be separated and reported isolated in the tax return. The standard mileage rate method is used for this matter. <em>The total mileage driven within the year cannot be entered as the one used for each business individually</em>.
Answer: Fraud is the use of misrepresentation or deception to receive money or an item of value. Kiting and Lapping are common techniques used to defraud a second party of cash.
Explanation:
Kiting: a method of defrauding banks involving drawing a check against an account which does not have any, or adequate amount. For instance, paying a check from Account A into account B and then drawing against the account from an account C in another bank, when there is actually no/insufficient money in account A, which should be paying the initial check.
Lapping: a method of defrauding an employer by modifying sales records to hide a theft. It typically involves the use of subsequent cash payments to cover the missing cash and this can be continuous unless there is a segregation of duties between employees in charge of cash collection and recording.
Explanation:
I have some questions, is this an essay or a document and when is it due