A firm's accountant makes a payment to a fictitious company for goods that were never received.She then endorses the check for payment and pockets the money.If she is caught,with which crime will she probably be charged?

Question

Quizplus · Accepted Answer

The accountant has misappropriated funds that were entrusted to her, which falls under embezzlement. Kiting is a practice of fraudulently inflating bank balances by recording false transactions, pilferage refers to stealing small items or amounts, and fraud involves intentional deception for financial gain.

A Firm's Accountant Makes a Payment to a Fictitious Company