Which of the following is an example of fraud A mistake in p

Which of the following is an example of fraud?

*A mistake in processing accounting data.

*An incorrect accounting estimate arising from misinterpretation of facts.

*Misappropriation of an asset.

*A mistake in the application of accounting principles.

Solution

Dear student....Thank you for using chegg... correct answer is Misappropriation of an asset since it is done intentionally with the objective of causing loss...

Asset misappropriation fraud involves third parties or employees abusing their position to steal from an organisation through fraudulent activity.