TEEMING AND LADING

                  TEAMING AND LADING

Teaming and lading is one of the main accounting fraud, also known as short banking, delayed accounting or lopping. frauder receives cash from one costumer and that cash will use for his personal purpose instead of depositing it, record in later. Furthermore, if another customer gives cash , he will record that cash in previous accrued person's account. Its like a rolling of money. Teeming and lading is pure illegal. 

DIFFERENT METHODS TO IDENTIFY TEAMING AND LADING :-

1) Contact debtors directly :- One of the method is contact related debtors of the company for the real information.

2) Bank slip testing :- another method is checking all related slips of bank transactions.

HOW TO AVOID THESE KIND OF FRAUD :-

              One of the main prevention is rotating the staff regularly. issuing all receipts without considering whether they are small or big.

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