8.7k views
2 votes
Cash paid on accounts receivable was stolen by the mail clerk when the mail was opened.

a.True
b.False

User Pieter Bos
by
7.9k points

1 Answer

1 vote

Final answer:

The truthfulness of the statement depends on the context in which it is presented, but it underscores the importance of internal controls to prevent theft or fraud in business. The scenario with Noel highlights the value of attentiveness and communication in managing financial transactions and preventing errors or fraud in a business setting.

Step-by-step explanation:

The statement that cash paid on accounts receivable was stolen by the mail clerk when the mail was opened is neither inherently true nor false as it is describing a situational event. If this is a scenario presented in a case study or hypothetical situation for a business course, the correct response would depend on the context provided within the study. However, the event described is an example of internal theft or fraud, which is an important consideration for businesses to be aware of in their operations.

In the given scenario with Noel, we see vigilant behavior in identifying a discrepancy, which is crucial in financial management to prevent errors or fraud. Noel's attentiveness to the billing details and proactive communication through various channels - phone, group Slack message, and email - demonstrates the importance of due diligence. This kind of action reflects good business practices in internal controls, which can prevent fraudulent activities like the theoretical theft by the mail clerk.

User Ed Ballot
by
7.8k points