A) Why were Laura Grove's actions classified as cash larceny rather than skimming? Provide an appropriate citation.
Skimming is defined as; theft of cash prior to its entry into the accounting system. Cash larceny, although similar to skimming, is the theft of an organization’s cash after it has been recorded into a company’s books. (Wells, 2014) In the case of Laura Grove’s, her actions are consider cash larceny rather than skimming because a few factors. First the cash that was stolen was recorded into the books and placed into the vault. However, if Laura would have taken the stolen checks and deposited them for personal gain her actions could of be consider skimming, this is because the checks had not been processed and therefore not recorded to the banks records, qualifying that particular action as skimming. Regardless if her actions with the checks, this case would have been consider larceny because she stole cash, not sales or receivables. (Wells, 2014)
Had Laura Grove's husband not discovered the money and called the bank, how may Laura have been nabbed?
If the Laura’s Husband had not discovered the cash and …show more content…
Cash larceny, although similar to skimming, is the theft of an organization’s cash after it has been recorded into a company’s books. (Wells, 2014) In the case of Laura Grove’s, her actions are consider cash larceny rather than skimming because a few factors. First the cash that was stolen was recorded into the books and placed into the vault. However, if Laura would have taken the stolen checks and deposited them for personal gain her actions could of be consider skimming, this is because the checks had not been processed and therefore not recorded to the banks records, qualifying that particular action as skimming. Regardless if her actions with the checks, this case would have been consider larceny because she stole cash, not sales or receivables. (Wells,
Skimming is defined as; theft of cash prior to its entry into the accounting system. Cash larceny, although similar to skimming, is the theft of an organization’s cash after it has been recorded into a company’s books. (Wells, 2014) In the case of Laura Grove’s, her actions are consider cash larceny rather than skimming because a few factors. First the cash that was stolen was recorded into the books and placed into the vault. However, if Laura would have taken the stolen checks and deposited them for personal gain her actions could of be consider skimming, this is because the checks had not been processed and therefore not recorded to the banks records, qualifying that particular action as skimming. Regardless if her actions with the checks, this case would have been consider larceny because she stole cash, not sales or receivables. (Wells, 2014)
Had Laura Grove's husband not discovered the money and called the bank, how may Laura have been nabbed?
If the Laura’s Husband had not discovered the cash and …show more content…
Cash larceny, although similar to skimming, is the theft of an organization’s cash after it has been recorded into a company’s books. (Wells, 2014) In the case of Laura Grove’s, her actions are consider cash larceny rather than skimming because a few factors. First the cash that was stolen was recorded into the books and placed into the vault. However, if Laura would have taken the stolen checks and deposited them for personal gain her actions could of be consider skimming, this is because the checks had not been processed and therefore not recorded to the banks records, qualifying that particular action as skimming. Regardless if her actions with the checks, this case would have been consider larceny because she stole cash, not sales or receivables. (Wells,