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You obtained the following information from a transaction in the Purchases journal: Bill Number 3434...

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Accounting

You obtained the following information from a transaction in the Purchases journal:

Bill Number 3434 Date: March 1, 2022

Supplier: Name: LTR Co. Address 123 Apple St., NY

Description: Purchase of 5 desks Total amount $5,000

Check: Date January 30, 2022 Beneficiary: LTR Co.

What questions arise from this information? How would you determine if there is a fraud?

Answer & Explanation Solved by verified expert
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