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What is Kiting? - Definition Meaning Example
- https://www.myaccountingcourse.com/accounting-dictionary/kiting
- Definition: Kiting, also called check kiting, is a fraudulent scheme that uses checks to embezzle money from a business. Kiting is usually committed by a bookkeeper or someone else with access to company checks and the ability to forge checks, but it can also be used by the company.
Kiting Definition - Investopedia
- https://www.investopedia.com/terms/k/kited.asp
- May 07, 2019 · Kiting is the fraudulent use of a financial instrument such as a check to obtain additional credit that is not authorized. There are two variants of kiting:
Check kiting definition — AccountingTools
- https://www.accountingtools.com/articles/check-kiting.html
- Check kiting is the deliberate issuance of a check for which there is not sufficient cash to pay the stated amount. The mechanics of this fraud scheme are as follows:. Write a check for which there is not sufficient cash in the payer's account.. Create a checking account at a different bank.. Deposit the fraudulent check in the checking account that was just opened.
Kiting, can someone explain it to me? - Another71.com
- https://www.another71.com/cpa-exam-forum/topic/kiting-can-someone-explain-it-to-me/
- Aug 08, 2015 · Check kiting is like If I write you a check for $50.. my bank account will still show $50 in my account (because the bank does not know I wrote the check and of course it hasn't been presented to my bank for payment) You deposit the check, so YOUR bank account will show a positive of $50.. … so we will both show a +$50 while the check is in ...
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