Free CFE - Law Exam Braindumps (page: 20)

Page 20 of 41

The heart of book keeping system is the ________________.

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

Answer(s): C



________________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



________________increase assets and expenses and/or decrease liabilities and/or equity

  1. Journal Entries
  2. Debit
  3. Credit
  4. None of all

Answer(s): B



Page 20 of 41



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Bosco Oico commented on December 28, 2024
Yes. i have used this dump for CFE Investigations test yesterday- i found it useful because questions about 60% were closely related and some were exact. The only thing that needs to be improved is the accuracy of the answers. If some one read the CFE manual well, you will notice that some answers as they are answered according to the ACFE standard. So, i encourage anyone using Brain to verify answers, otherwise, its a good source to create confidence and sure pass
UGANDA
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