Which of the following is a type of register disbursement scheme?
A) Fictitious refunds
B) Overstated refunds
C) False voids
D) All of the above

Question

Quizplus · Accepted Answer

All three options listed (fictitious refunds, overstated refunds, and false voids) are types of register disbursement schemes. Fictitious refunds occur when an employee creates a false refund transaction and pockets the money. Overstated refunds happen when an employee takes a legitimate refund but inflates the amount and keeps the excess cash. False voids occur when an employee voids a sale but keeps the cash from the transaction.

Which of the Following Is a Type of Register Disbursement