Question

Larceny is the stealing of cash by employees before the cash has been recorded in the company's accounting system.

a)True
b)False

Answer 1

Larceny is the unlawful taking and carrying away of personal property belonging to another person without their consent. It is not limited to cash and can include other types of property as well.

Step-by-step explanation:

False

Larceny is the unlawful taking and carrying away of personal property belonging to another person without their consent, with the intent to permanently deprive the owner of their property. It can involve stealing cash, but it is not limited to cash and can include other types of property as well.

An example of larceny would be stealing a wallet containing cash from someone's purse. However, if an employee steals cash from their company before it has been recorded in the accounting system, it is considered embezzlement rather than larceny.