Which of the following scenarios involves skimming?
A) Ian deducted cash from check deposits of the company.
B) Keith removed cash from the safe after it had been entered into the cash book.
C) Natalie removed cash from the register before the entries were made into the books of accounts.
D) Olivia made false entries in a cash register to conceal the cash she removed without authorization.

Question

Quizplus · Accepted Answer

Skimming involves removing cash from the register before entries are made into the books of accounts. Option A involves larceny, option B involves lapping, and option D involves a cash larceny scheme called "fictitious refunds."

Which of the Following Scenarios Involves Skimming