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A small manufacturing company makes only credit sales

Accounting

A small manufacturing company makes only credit sales. If cash receipts from sales are misappropriated, which of the following acts would most likely conceal this fraud?

1.       Understating the accounts receivable control account.

2.       Understating the accounts receivable subsidiary ledger.

3.       Overstating the sales journal.

4.       Understating the cash receipts journal.

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