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Free CFE - Law Exam Braindumps (page: 22)

Page 22 of 41
PDF with 145 Questions

By removing a tangible asset from the business (a debit), the books will be ____________by the exact amount of the tangible asset misappropriated.

  1. Journal Entries
  2. Out-of-balance
  3. False debits
  4. None of all

Answer(s): B



Once the expense account is closed, it becomes a historical item and probably will never be reviewed again.

  1. True
  2. False

Answer(s): A



When an incorrect total is carried from the journal to the ledger or from ledger to the financial statements, this method is called:

  1. Forced Balance
  2. Out-of-balance
  3. False balance
  4. None of all

Answer(s): A



Skimming is:

  1. The removal of cash from a victim entity prior to its entry in an accounting system.
  2. The addition of cash from a victim entity prior to its entry in an accounting system.
  3. The removal of cash from a victim entity after its entry in an accounting system.
  4. None of above

Answer(s): A



Page 22 of 41



Post your Comments and Discuss ACFE CFE - Law exam with other Community members:

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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