......................... A false representation of fact make with the knowledge of its falsity or without belief in its truth.

• Truth

• Fraud

• Theft

• Error

Payroll fraud, conspiracy with other parties and stealing company assets are..................... Frauds.

• Common

• Technical

• Careless

• Intentional

Pilfer items of inventory including sales item, office stationery, and computer paper etc are........................

• Employees right

• Teeming and lading

• Trivial lost

• Theft of inventory. / Unsophisticated fraud

Where a fictitious member of staff is been added to the salary list. This type of fraud is known as. ....................

• Employee fraud

• Bogus fraud

• Payroll fraud

• Work force fraud.

Teeming and lading is the method of fraud done in the sales ledger or sales department

• True

• False

Fictitious customer’s fraud this is not necessary that the employee must have responsibility for taking goods order as well as the authority to approve a new customer for credit.

• True

• False

Mexter Limited has given sales executive a sales limit of 5000 $ for new client sales promotion. Arif was a sales executive in mexter limited. He take order for 4500 $ from a new client kessler traders which have no previous record with the company. Arif left the job later company found that no such client physically exits. Company mark 4500 as bad expense. What type of fraud is this......................................

• Theft of inventory

• Collusion with customer

• Fictitious customer

• Promotion fraud

Kim is a senior manager in dany ltd. He billed this company for the consultancy charges which was never provided. The bill was for 1200 $ and was in the name of xebox limited which was owned by Kim himself.

What type of fraud this is?

• Teeming and lading

• Collusion with customer

• Fictitious customer

• Bogus supply of goods or service

Billas the purchase executive in Halex industries collude with the supplier for the supply of 2000 bags of fertilizer which was actually supplied 1800 and billed for 2000 and later was paid for the same as billed. What type of fraud is this?

• Bogus supply for goods and service

• Fictitious supplier

• Paying for goods not received

• Theft of inventory.

Understates the rate of depreciation will have no impact on the profits and book value of the company.

• True

• False