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Misappropriation & embezzlement

This query is : Resolved 
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(Querist)
13 March 2012 Would somebody expalin me the meaning of MISAPPROPRIATION & EMBEZZLEMENT in accounting and legal parlances.


M A SHAH
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
13 March 2012 1.Need to give a Police complaint
2. if it is not recoverable need to shown as abnormal loss
3. Incase insurance is there can be reduced the loss to the extent of insurance receivable if any

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