Define the term Kiting
Define the term Kiting in Accounting stream?
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Kiting: In common words, kiting means to fly kite. This is legal and part of the fun of children. However in accounting, this is fraud that is completed by writing the cheque. Whenever your bank account exhibits you low amount. After recognizing this, you issue the cheque of bigger amount for paying someone. This will become fraud.
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The portion of retained earning that is not available for dividends. To appropriate retained earnings, the company must record the partitioning of retained earnings. The company can use appropriated retained earnings for contingencies or big projects. Appropriating retained earning does not invol
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