Find what should happen next

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Question 1: A company accountant writes a cheque for $10,000 and gives it to a customer. The customer changes the 0's to 8's and banks the cheque. The fraud is not detected by the bank teller. What should happen next?

Select one:

Option a. A variance of $8,888 is detected in the bank reconciliation and added to the Bank Rec report. No further action is needed.

Option b. A variance of $8,888 is detected in the bank reconciliation and added to the Bank Rec report. The bank is asked to investigate and repay the money.

Option c. A variance of $8,888 is detected in the bank reconciliation and subtracted from the cash at bank account. The company refers the customer to the police.

Option d. A variance of $8,888 is detected by the bank and the bank claims the refund on their insurance

Reference no: EM132495315

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