What is the primary difference between cash larceny and skimming? Cash larceny is an on-book scheme; skimming is an off-book scheme. Cash larceny is an off-book scheme; skimming is an on-book scheme. Cash larceny involves cash only; skimming can involve either cash or checks. Cash larceny is a disbursement scheme; skimming is a cash receipts scheme.
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Step 1: Cash larceny involves the theft of cash that has already been recorded in the company's books, making it an on-book scheme. Show more…
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