what is fraud check?
Answer / sanjeev kumar maurya
Check fraud is one of the largest challenges facing
businesses and financial institutions today. With the
advancement of computer technology it increasingly easy for
criminals, either independently or in organized gangs, to
manipulate checks in such a way as to deceive innocent
victims expecting value in exchange for their money.
A significant amount of check fraud is due to counterfeiting
through desktop publishing and copying to create or
duplicate an actual financial document, as well as chemical
alteration, which consists of removing some or all of the
information and manipulating it to the benefit of the
criminal. Victims include financial institutions, businesses
who accept and issue checks, and the consumer. In most
cases, these crimes begin with the theft of a financial
document. It can be perpetrated as easily as someone
stealing a blank check from your home or vehicle during a
burglary, searching for a canceled or old check in the
garbage, or removing a check you have mailed to pay a bill
from the mailbox.
Is This Answer Correct ? | 3 Yes | 2 No |
what is the advantages of double entry system
state wheather the following statements are true or false i, the issue of shares ata discount must be authorized by a special resolution of company. ii, operating or finance lease comes under provision of as- 13 iii, at the end of the accounting period the balance of "goods sent to branch account" is transfered to trading acount iv, for life business premium is to be recognized on receipt basis v, a banking cannot grant any loans on securities of its own shares
Expand--------OTA
What Entries come under Bank OCC A/c. & Bank OD A/c. ?
8 Answers State Bank Of India SBI,
Expand A C H
what is credit balance of bank define briefly???
when the creditors shows debit balance
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what is the difference between gross profit and net profit?
Pls. advice the J.D of a re-imbursement Accountant
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