LogFAQs > #905971772

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TopicWow, just stumbled across MAJOR fraud at my new job.
Cj_WlLL_VVlN
07/30/18 1:53:05 PM
#39:


BlueJester007 posted...
Romulox28 posted...
theyd credit one account, but then at the same they would debit another in that same transaction.


I only took a few Accountant courses way back in my college days, so I may be incorrect here, but isnt that what you are supposed to do with journal entries?

Its your debits and credits:
Lets say you buy a lot of land for $100k in cash.
Okay, so you credit your cash 100k, but you also debit your land 100k.


This is correct and the joke I thought he was making but it sounds like there might be a deeper joke just based on other people's reactions. Idk.
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