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Which of the following is a major difference between larceny and skimming?

A. Larceny is committed before the cash is entered into the accounting system, while skimming is committed after the cash is entered into the system
B. Larceny is committed after the cash is entered into the accounting system, while skimming is committed before the cash is entered into the system.
C. Larceny involves fraudulent disbursements of cash, while skimming involves fraudulent receipts of cash.
D. Larceny involves fraudulent receipts of cash, while skimming involves fraudulent disbursements of cash

1 Answer

5 votes

Final answer:

Larceny involves the theft of cash after it's been recorded in the accounting system, whereas skimming involves the theft of cash before it has been recorded. The cashier accused of theft should seek evidence to prove their innocence and may consider legal advice if needed.

Step-by-step explanation:

The major difference between larceny and skimming is that larceny is committed after the cash has been entered into the accounting system, whereas skimming is committed before the cash is recorded. Therefore, the correct answer to the question is B. Larceny is committed after the cash is entered into the accounting system, while skimming is committed before the cash is entered into the system. In the context of corporate crime, embezzlement would be an example of larceny.

If a cashier at a retail store is accused of theft due to a cash drawer shortage, they would need to address the situation directly. They could request a closer examination of transactions, surveillance footage, or other evidence to demonstrate their innocence. If the label of a thief is incorrectly applied to someone, it's critical for them to stay composed, work within the company's systems for resolving such issues, and possibly seek legal advice if wrongful accusations persist.

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