Skimming is the act of removing cash from a victim entity before it is recorded in an accounting system. This can be done by stealing cash from daily sales, accounts receivable payments, or any other source of cash before it is officially recorded.

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Skimming Is

Question 93

Multiple Choice

Skimming is:

A) The removal of cash from a victim entity prior to its entry in an accounting system.
B) The addition of cash from a victim entity prior to its entry in an accounting system.
C) The removal of cash from a victim entity after its entry in an accounting system.
D) None of above

Correct Answer: