Which of the following is the best way to hide theft of assets?
A) Creating "cash" through the transfer of money between banks
B) Conversion of stolen assets into cash
C) Stealing cash from customer A and then using customer B's balance to pay customer A's accounts receivable
D) Charging the stolen asset to an expense account

Question

Quizplus · Accepted Answer

Charging the stolen asset to an expense account can hide the theft as it will appear as an ordinary expense on the financial statements. However, this is not a recommended or ethical practice.

Which of the Following Is the Best Way to Hide