What are fraudulent credit approvals for accounts receivables and how can they be prevented?

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asked Jun 3, 2018 68.7k views

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Yoraco Gonzales · Answer 1 · 2018-06-09T07:43:14+0000

Fraudulent credit approval occurs when a dishonest employee intentionally grant credit accounts to fictitious customers. This type of fraudulent act can be prevented by requiring credit approval prior to shipment.

What are fraudulent credit approvals for accounts receivables and how can they be prevented?

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