Misappropriation of company assets can occur in the following ways
A)employees can set up accounts for fictitious vendors and process payments to these vendors
B)customers can create fictitious employees and misdirect payroll for these employees to their own accounts
C)employees can make purchases of inventory or supplies on the company account and use the items for their own personal use
D)customers can set up accounts receivable for fictitious customers and process payments to these customers
E)both A and C
F)both B and D

Question

Quizplus · Accepted Answer

Both option A and C are examples of misappropriation of company assets. Option B and D refer to payroll fraud and accounts receivable fraud, respectively.

Misappropriation of Company Assets Can Occur in the Following Ways