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Rationale for Correct Answer: Skimming involves the theft of cash before it is recorded in the accounting system. Since sales are never recorded, reconciling sales to receipts will not detect skimming—it can only detect larceny (theft after recording).
Analysis of Incorrect Options:
A. True – Incorrect because no discrepancy exists in the records (the sale itself is omitted).
Key Concept: Distinction between skimming (off-book theft) and cash larceny (on-book theft).
Chosen Answer:
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