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Free CFE - Financial Transactions and Fraud Schemes Exam Braindumps (page: 11)

Page 10 of 47
PDF with 192 Questions

A __________ is a day-by-day, or chronological, record of transactions

  1. Asset
  2. Journal
  3. Checkbook
  4. Ledger

Answer(s): B



A journal in which all sales made on credit or cash are listed is:

  1. Disbursement journal
  2. Accounts receivable journal
  3. Accounts payable journal
  4. General journal

Answer(s): B



____________ is a summary of the account balances carried in a ledger.

  1. Balance sheet
  2. Income statement
  3. Financial statement
  4. General journal

Answer(s): C



____________ is a process by which a bookkeeper records all transactions and can adjust the books.

  1. Journal Entries
  2. Accounting Cycle
  3. Financial statement
  4. None of all

Answer(s): A






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