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lozanna [386]
3 years ago
14

Larceny is easier to detect than skimming because:

Business
1 answer:
IgorC [24]3 years ago
3 0

The reason that Larceny is easier to detect that skimming because this is associated with having to steal the cash only after that it has been recorded by the accounting system of the company in which makes it easier to detect unlike skimming. The answer is letter b.

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In accrual based accounting expenses are recorded when they are incurred. The payment against item purchased does not make it qualified to be recorded as expense. Any advance payment made is recognize as asset untill performance obligation has been completed. So in order to determine amount of payment we will use following accounting equation.

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