How would the company be affected

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Question - On the last day of the fiscal year, a co-worker asks a colleague to cut a check for $2,000 as a miscellaneous expense for supplies in order to finish a project for a VIP customer today. The colleague notices the invoice looks a little different from other invoices that are usually processed. The colleague knows that by preparing the closing entries tomorrow, the miscellaneous expense will be set to zero for the beginning of the year.

Should the worker comply with the request to produce the check today and record the expense or write the check tomorrow?

How would the company be affected if the check is written and the invoice ends up being erroneous?

Reference no: EM132576532

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