ACFE Exam CFE-Financial-Transactions-and-Fraud-Schemes Topic 2 Question 84 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam

Question #: 84
Topic #: 2

[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

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

AAsset

BJournal

CCheckbook

DLedger

Show Suggested Answer

Suggested Answer: B

by Carmela at Apr 14, 2024, 12:36 PM

Limited Time Offer

25%

Off

Get Premium CFE-Financial-Transactions-and-Fraud-Schemes Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Trinidad

2 months ago

Ledger? Checkbook? What is this, the Stone Age? I'm going with B) Journal. At least it sounds modern.

upvoted 0 times

Joanna

15 days ago

I prefer using a checkbook to physically write down transactions.

upvoted 0 times

...

Nettie

1 months ago

I think a ledger is still important for keeping track of transactions.

upvoted 0 times

...

Reita

1 months ago

I agree, a journal is definitely more modern.

upvoted 0 times

...

Cordell

2 months ago

A) Asset? Haha, nice try. I'm not falling for that corporate mumbo-jumbo.

upvoted 0 times

...

Kip

2 months ago

C) Checkbook? Really? That's so 20th century. Where's the cloud-based accounting software option?

upvoted 0 times

Emiko

1 months ago

D) Ledger

upvoted 0 times

...

Crista

1 months ago

B) Journal

upvoted 0 times

...

Kayleigh

2 months ago

D) Ledger, for sure. I bet the person who wrote this question keeps their receipts in a shoebox.

upvoted 0 times

...

Joni

2 months ago

B) Journal seems like the obvious choice here. Who doesn't love a good old-fashioned paper trail?

upvoted 0 times

...

Susy

2 months ago

I agree with German, a journal is like a diary for financial transactions

upvoted 0 times

...

German

2 months ago

I think it's B) Journal because it's where you record daily transactions in order

upvoted 0 times

...

Yasuko

3 months ago

B) Journal

upvoted 0 times

...