How companies create fake cash in books, and take investors for a ride

Cash is the item on a balance sheet that most investors accept without argument. Revenue can be recognised early, inventory can be overvalued, an optimistic forecast can prop up goodwill. But cash is cash. “Either it is in the account, or it is not” is the common perception. Can manipulation hit this accounting line too?

Raccontata daeconomictimes.indiatimes.com