An ice cream store cashier sells two-scoop ice cream cones to customers and enters the sales as single-scoop sales, while keeping the difference for himself. Which fraud is being committed here?
a. Larceny
b. Disbursement
c. Skimming
d. Illegal gratuities
c
FEEDBACK: a. Incorrect. Larceny involves stealing money after it has already been recorded in the company's accounting system.
b. Incorrect. Disbursement fraud uses false vendors, employees, and expenses to funnel money out of the company.
c. Correct.
d. Incorrect. Illegal gratuities involves schemes in which a person offers, gives, receives, or solicits something of value for, or because of, an official act or business decision without the knowledge or consent of the principal.
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