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Skimming is:
Suggested Answer: C
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29 comments · newest first
AS
Ashton
11 months ago
Not sure if I buy that definition, seems too simple.
TU
Tula
11 months ago
Totally agree, it’s all about that pre-entry cash!
NA
Nada
11 months ago
Wait, so it’s not just about stealing cash?
CA
Carmelina
12 months ago
I thought it was after the entry, but I guess not!
GR
Graciela
12 months ago
Skimming is definitely about removing cash before it's recorded.
TA
Tabetha
12 months ago
I definitely recall skimming being linked to cash removal, but I can't remember if it was before or after entry.
TA
Tamra
1 year ago
I feel like skimming could also refer to something else entirely, maybe option D is the right choice?
BI
Billye
1 year ago
I remember a practice question where we discussed cash removal, and I think it was related to option C.
SH
Sherell
1 year ago
I think skimming is about removing cash, but I'm not sure if it's before or after it gets recorded.
MA
Maryann
1 year ago
This is a tricky one, but I'm going to use the process of elimination. Options B and D don't seem to fit the definition of skimming, so I'm going to rule those out. Between A and C, I think A is the better match, so that's my final answer.
SH
Shelba
1 year ago
Wait, I'm confused. The options are talking about removing or adding cash, but I thought skimming was more about quickly reading through something to get the main points. I'm not sure which answer is correct here.
PI
Pilar
1 year ago
Okay, I think I've got it. Skimming is the removal of cash from a victim entity before it's entered into the accounting system. That matches option A, so I'm going to go with that.
AL
Aleta
1 year ago
Hmm, I'm a little unsure about this one. The options seem to be getting at some kind of financial fraud or theft, but I want to make sure I fully understand the concept of "skimming" before answering.
OR
Oretha
1 year ago
This one seems pretty straightforward. I'm going to carefully read through the options and select the one that best matches the definition of "skimming" that I'm familiar with.
DA
Daniela
1 year ago
Skimming, shmimming - I prefer to keep my hands clean and my ledgers balanced. Option D all the way!
AB
Abel
1 year ago
D) None of the above? More like 'None of the above board' when it comes to these shady practices.
AN
Antonio
1 year ago
D) None of the above? More like 'None of the above board' when it comes to these shady practices.
RE
Remona
1 year ago
C) The removal of cash from a victim entity after its entry in an accounting system.
HE
Herminia
1 year ago
A) The removal of cash from a victim entity prior to its entry in an accounting system.
DA
Dalene
2 years ago
I think the answer is A, because skimming involves stealing cash before it's accounted for.
BE
Bernadine
2 years ago
Ah, the classic 'cash disappearance act' - a magician's dream, but definitely not an accountant's.
PA
Paola
1 year ago
C) The removal of cash from a victim entity after its entry in an accounting system.
CE
Cecilia
1 year ago
A) The removal of cash from a victim entity prior to its entry in an accounting system.
AL
Alayna
1 year ago
D) None of above
SH
Shanda
1 year ago
C) The removal of cash from a victim entity after its entry in an accounting system.
ZO
Zoila
2 years ago
A) The removal of cash from a victim entity prior to its entry in an accounting system.
BE
Becky
2 years ago
Skimming? More like 'skim milk' - the less you take, the better for your waistline and your conscience!
DE
Deandrea
2 years ago
I agree with Jarod, skimming is about taking cash before it's recorded.
JA
Jarod
2 years ago
Skimming is the removal of cash from a victim entity prior to its entry in an accounting system.