- 3 Marks
BL – Nov 2023 – L1 – SB – Q2a – Company Law
Explains the offense of fraudulent false accounting by Akampa, an accountant who used company funds for personal use and destroyed the receipt book to cover his tracks.
Question
Akampa is an accountant in the employment of Kampe Limited. At the end of last week, he found out that ₦50,000 was missing from the proceeds of sales in his custody. Casting his mind back, he remembered that he had expended the money in paying his son’s school fees. He therefore destroyed the receipt book representing the money so as to balance his account. What Akampa did has come to your knowledge.
Required:
Explain briefly the offense that Akampa has committed. (3 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: Accounting Ethics, Employee Theft, Fraudulent False Accounting
- Level: Level 1
- Topic: Company Law
- Series: NOV 2023
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