A. Embezzlement
B. Lapping
C. Corruption
D. None of these
Brief facts about Lapping:
The delaying tactic to record the cash due to a shortage of cash is known as Lapping. , Moreover, a lapping scheme is a form of accounting fraud whereby stolen or misappropriated cash is obscured by altering the accounts receivable. A forensic accounting audit of cash receipts can be undertaken to reveal a lapping scheme, which may show the increased age of accounts receivables.
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