Which of the following best describes the fraud scheme that involves an employee pocketing cash but not recording its collection?

Question

Quizplus · Accepted Answer

Sales skimming involves an employee pocketing cash received from sales transactions and not recording the collection in the company's accounting system. This allows the employee to steal cash without the company being aware of the missing funds. Robbing the cash register and shortchanging the customer are both similar schemes but involve theft of cash at the point of sale rather than concealing the theft from the company's records. Swapping checks for cash is a different type of fraud and involves an employee stealing checks from customers and substituting them with cash.

Which of the Following Best Describes the Fraud Scheme That