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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A way to improve performance that investigates the way several different entities do the same activity and finds the best way to accomplish the activity. The best ways then become the standard or the benchmark for all the entities.
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