Jill Peterson is one of several subscribers involved in the process of forming a

Question

Jill Peterson is one of several subscribers involved in the process of forming a new company, Pets-Go. She is also in the process of buying a new personal residence. Jill wants to pay the legal fees associated with the purchase of her new home from corporate funds by charging them to the corporation's Organization Costs account. "I'll have the accountant mix them in with the corporation's legal bills. No one will ever notice," says Jill.

Question I have is: 1. ethicaly is this something that business do? 2. Where can I find informtaion pertaining to this?

Explanation / Answer

1. Yes Jill is ethically doing this wrong as company funds are being used for personla purpose.

2.The infomrtion can be found through review of the paymet vouchers along with the supportings

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