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Nanda KishoreNanda Kishore asked 11 months ago

Sir in this question , what is asked what will be reported as fraud if intention to cheat/defraud is suspected/proved
Normally, cases of negligence & cash shortage & irregularities in foreign exchange transactions are reported as fraud only if intention to cheat/defraud is suspected/proved or in certain circumstances where it is more than 5000/10,000.
In the given options, the answer hence should be (c) i.e irregularities in foreign exchange transactions
But answer is given as (d) 
Please explain,
Thanks

1 Answers
RaviRavi Staff answered 10 months ago

Hello Nanda
Yes answer should be “C” and not “D”

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