Question

misappropriated cash sales should be ____​

Answer 1

Answer:

it a false cash or inflated payment

Explanation:

v

Answer 2

Answer:

Inflated payments or false cash payments

Explanation:

• Inflated payments or false cash payments are generally not supported with relevant support documents and proper authorizations. Like:
• Cash payment of wages not supported with time sheet, payroll authorization from relevant authority / department head.
• Duplicate payments: original documents are not attached as support some of the examples of inflating cash payments are'-

a) Cash purchases/expenses  from unregistered dealers with debit vouchers.

b) Salary/wages payment to dummy employees

c) Make entries with bank payment and cash payment with same bill. One supported by original and other supported by duplicate.

d) Make entries in all branches/allied concern with same supporting. 

e)Manipulation in wages and salaries.