Answer Posted / 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 |
Post New Answer View All Answers
Reserve Capital and Reserve Capital
EXPAND___________IMA
hai everybody... wish u all the best for those who got selected in sbi associate bank is anyone from coimbatore region attending on 27th may 2009.
purchase car from toyota innova 50000 cheque from one firm and 449893 from other firm.... and 1350000 loan saction from kotak mahindra.....how can entry make with interest
payroll calculation procedure explain completely?
What is Trade Recovery Estimate and how can we calculate it?
what is forecast
what are the purpose for the preparation of cost centre ?
All shot cut key use in the tally software & it's uses
Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
what are responsibilities of an accountant in a company?
I want to become CFA so kindly provide me all information regarding this like fees structure,colleges in mumbai,duration etc.
when apply for ragistred in central excise no
A company produces and sells 12500 units of Commodity X at Rs 50 each. The variable cost of the production is 20 % of selling price. Fixed cost being Rs 100000 per annum. Calculate the PV ratio and BEP if. The selling price is reduced by 5 %. Fixed cost is increased by 2 lacs