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Accounting for fraud

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Accounting for fraud

  • This topic has 0 replies, 1 voice, and was last updated 11 years ago by Benjamin.
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  • November 26, 2013 at 2:35 am #147821
    Benjamin
    Member
    • Topics: 6
    • Replies: 13
    • ☆

    This comes under the topic of FRS10, events after balance sheet event. What should be the accounting entry for this?

    Q) You have recently discovered that while you were away sick, the cashier took advantage of the weak internal controls to defraud the company of $8000.

    Please help. Thanks

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