Question

PLEASE HELP ASAP!!!

Answer 1

I think it is the "inventory fraud" since the inventory is supposed to label the right price on it and if it is not the same price as it billed, then that is fraud to the company's inventory.

A common example is going to a store and buying something that says $1.25 and they ring it up as $1.35 indicating that inventory fraud since their shelf price does not match the rung-up price giving the company slightly more money than they were supposed to for the product..

Answer 2

 Fraud is the crime of using dishonest methods to take something valuable from another person or organization. It can take many shapes and can affect an organization in many ways. There are many types of Fraud:

A) accounts receivable fraud
B) inventory fraud 
C) accounts payable fraud
D) Ponzi scheme

If an employee bills customers for the amount of the item purchased, but he records lower purchases in the ledger and steals the money, it is an example of A) accounts receivable fraud.

It is an account receivable fraud because it is an intentional theft of company sales.