By removing a tangible asset from the business (a debit), the books will be ___________ by the exact amount of the tangible asset misappropriated.
Answer(s): B
Once the expense account is closed, it becomes a historical item and probably will never be reviewed again.
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:
The principal way to detect omitted credits from books of account is through:
Post your Comments and Discuss Financial CFEX exam with other Community members:
Boopathy Commented on August 17, 2023 i need this dump kindly upload it Anonymous
SKS Commented on August 26, 2015 Just downloaded and hope it will be helpful for my exam preparations and will update further after completing my exams UNITED STATES
Our website is free, but we have to fight against bots and content theft. We're sorry for the inconvenience caused by these security measures. You can access the rest of the CFEX content, but please register or login to continue.