LogFAQs > #938388392

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Topic	Wow, just came across MASSIVE fraud at my new job.
berlyman101 04/30/20 6:11:19 PM #17:	NeonOctopus posted... If you've ever taken an accounting class, you'll get it. If not ~~all transactions are logged into a balance sheet with a credit from 1 account and a debit from another account~~ So it's an internal transaction? I don't get why they would need to log it that way. Is it just listed as their own account that they're debiting and the payee that they're crediting? just logging that we paid this company and these are the two accounts involved? --- http://www.lukesurl.com/comics/2010-02-24-determinism.png <cite>berlyman101 posted [p:938388392] in Wow, just ... [t:78644003]...</cite> <quote>NeonOctopus posted... </cite> <quote>If you've ever taken an accounting class, you'll get it. If not all transactions are logged into a balance sheet with a credit from 1 account and a debit from another account</quote> So it's an internal transaction? I don't get why they would need to log it that way. Is it just listed as their own account that they're debiting and the payee that they're crediting? just logging that we paid this company and these are the two accounts involved? --- http://www.lukesurl.com/comics/2010-02-24-determinism.png</quote> ... Copied to Clipboard!
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