Every month,David,an assistant at a shoe store,steals money from his employer,after it has been received and recorded in the books,by altering the accounting records in the company book.David's act falls under which of the following categories of theft?

Question

Quizplus · Accepted Answer

Embezzlement is the theft or misappropriation of funds that have been entrusted to an individual's care, such as an employee stealing money from their employer. In this case, David is altering the accounting records to steal money from his employer after it has been recorded in the books, which is a form of embezzlement. Shoplifting is the theft of goods from a retail store, skimming is the theft of cash before it is recorded in the books, and phony disbursement is the creation of a false expense to steal money. None of these categories accurately describe David's actions.

Every Month,David,an Assistant at a Shoe Store,steals Money from His