This fraud occurs when assets of a company are overstated or its liabilities are understated in order to make it appear financially stronger than what it is in reality.

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false accounting fraud Explanation: A false accounting fraud occurs when assets of a company are overstated or its liabilities are understated in order to make it appear financially stronger than what it is in reality. An organisation or its employee may alter, destroy or deface any account. Due to false accounting, the financial statements of the firm do not reflect a true and fair picture of its financial health.

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