Question

Sara Michaels works as a sales associate in the shoe department at a large chain department store. To supplement her income, Sara processed multiple fictitious refunds on sales made to customers. This is an example of what type of asset misappropriation?

a. Register disbursement fraud
b. Pay and return scheme
c. Skimming scheme
d. Cash larceny scheme

Answer 1

Answer: Register disbursement fraud

Step-by-step explanation:

Register disbursement fraud involve the fraudulent voids and fraudulent refunds where false entries allow funds to be removed from the point of sale system or cash register.

Register disbursement fraud is a form of fraudulent disbursements where cash is stolen from cash register and the thief enters a reversing transaction in order to justify the funds disbursement thereby balancing the register.