Is it true that one can detect skimming sales by comparing register totals to cash drawer amounts?

Is it true that one can detect skimming sales by comparing register totals to cash drawer amounts?

• A. True
• B. False

Answer: (B)

The assertion that one can detect skimming sales by comparing register totals to cash drawer amounts is indeed true. Skimming involves the theft of sales revenue before it is recorded in the company's books, typically by employees. When skimming occurs, the total amount of sales recorded on the register will differ from the amount of cash actually present in the cash drawer. If skimming is taking place, an operator may record a sale in the register while pocketing the cash. Therefore, when a forensic analysis is conducted comparing the sales recorded in the register against the actual cash in the drawer, discrepancies should arise that can indicate potential skimming activity. By monitoring these register totals versus cash drawer amounts and identifying patterns or unusual variances, an organization can detect skimming and take necessary actions to investigate further. This practice can also be complemented with audits and reconciliations for enhanced accuracy in spotting fraudulent activities related to cash transactions.

The assertion that one can detect skimming sales by comparing register totals to cash drawer amounts is indeed true. Skimming involves the theft of sales revenue before it is recorded in the company's books, typically by employees. When skimming occurs, the total amount of sales recorded on the register will differ from the amount of cash actually present in the cash drawer.

If skimming is taking place, an operator may record a sale in the register while pocketing the cash. Therefore, when a forensic analysis is conducted comparing the sales recorded in the register against the actual cash in the drawer, discrepancies should arise that can indicate potential skimming activity.

By monitoring these register totals versus cash drawer amounts and identifying patterns or unusual variances, an organization can detect skimming and take necessary actions to investigate further. This practice can also be complemented with audits and reconciliations for enhanced accuracy in spotting fraudulent activities related to cash transactions.