Home > Term: Lapping
Lapping
A scheme to cover an embezzlement by using payments made by one customer to reduce the receivables balance of another customer.
- Part of Speech: noun
- Industry/Domain: Accounting
- Category: Auditing
- Company: AIS
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Creator
- Harry8L
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(V.I.P) 574128 points - 100% positive feedback
(London, United Kingdom)
