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ACFE Exam CFE-Financial-Transactions-and-Fraud-Schemes Topic 6 Question 107 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 107
Topic #: 6
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

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

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Suggested Answer: B

by Carylon at Feb 08, 2025, 04:20 AM

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Sonia
1 months ago
Ooh, trick question! The answer is actually E) The journal that makes the most money. Am I right or am I right? *wink*
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Willard
1 days ago
B) Accounts receivable journal
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Bettina
9 days ago
A) Disbursement journal
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Lacey
1 months ago
B) Accounts receivable journal is the way to go. I mean, who doesn't love a good ol' accounts receivable journal? It's like the rock star of the accounting world.
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Amber
4 days ago
I prefer the general journal because it allows for more flexibility in recording different types of transactions.
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Tawanna
7 days ago
I agree, the accounts receivable journal is essential for keeping track of all sales.
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Brigette
2 months ago
I'm going with D) General journal. It's the catch-all journal, right? Everything goes in there, including sales, purchases, and that one time I spilled coffee on the books.
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Bulah
3 days ago
Actually, it's D) General journal. It's like the main hub for all transactions in the accounting system.
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Pamela
4 days ago
I think it's B) Accounts receivable journal. That's where we keep track of sales made on credit.
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Kate
18 days ago
Yes, you're right! The general journal is where all transactions are recorded.
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Portia
2 months ago
Definitely B. The accounts receivable journal is where you'd record all those juicy credit sales. Who needs a disbursement journal when you've got that sweet, sweet AR action going on?
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Wade
18 days ago
I agree with you, B is the right choice. Accounts receivable journal is specifically for sales made on credit.
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Nicolette
24 days ago
I'm going with D. General journal seems like it could cover all types of transactions.
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Leonora
1 months ago
I think it's B too. Accounts receivable journal is the way to go for tracking those sales.
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Gerardo
2 months ago
I'm not sure, but I think D) General journal could also be a possibility for recording sales transactions.
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Erasmo
3 months ago
I think the answer is B) Accounts receivable journal. It makes the most sense to keep track of all sales, both credit and cash, in one place.
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Tiara
2 months ago
Oh, I see. Thanks for clarifying that.
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Andra
2 months ago
Actually, it's B) Accounts receivable journal, specifically for sales made on credit.
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Shalon
2 months ago
I think it's D) General journal, because it records all types of transactions.
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Kristel
2 months ago
I agree, keeping track of all sales in one place is important.
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Vallie
3 months ago
I agree with Rebeca. Sales made on credit or cash should be recorded in the accounts receivable journal.
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Rebeca
3 months ago
I think the answer is B) Accounts receivable journal.
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