ACFE CFE Exam - Topic 1 Question 83 Discussion

Actual exam question for ACFE's CFE exam

Question #: 83
Topic #: 1

_________ normally are carried on an organization's books as expenses because they tend to be consumed by the organization within a year of purchase.

ASupplies

BExpenses

CAssets

DEquity

Show Suggested Answer

Suggested Answer: A

by Ashanti at Oct 17, 2025, 07:04 AM

Limited Time Offer

25%

Off

Get Premium CFE Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Carli

3 months ago

A) Supplies is the best choice. Clear and straightforward!

upvoted 0 times

...

Miesha

4 months ago

D) Equity is definitely wrong. Not related to expenses.

upvoted 0 times

...

Tyra

4 months ago

C) Assets doesn’t fit. They last longer than a year.

upvoted 0 times

...

Sherron

4 months ago

I’m leaning towards B) Expenses. But it feels too broad.

upvoted 0 times

...

Lynelle

4 months ago

I think it's A) Supplies. They get used up quickly.

upvoted 0 times

...

Malcom

4 months ago

Yeah, Supplies are used up fast, so A fits.

upvoted 0 times

...

Hortencia

4 months ago

Surprised this isn't a trick question!

upvoted 0 times

...

Isaiah

5 months ago

I think it's A too, makes sense.

upvoted 0 times

...

Kenia

5 months ago

Haha, who would even consider D) Equity? That's just plain wrong!

upvoted 0 times

...

Gerardo

5 months ago

A) Supplies, hands down. This is Accounting 101, people.

upvoted 0 times

...

Ilda

5 months ago

B) Expenses, no doubt. I could've answered this one in my sleep.

upvoted 0 times

...

Serita

5 months ago

C) Assets? Really? That's just silly. Everyone knows supplies are expenses, not assets.

upvoted 0 times

...

Renay

5 months ago

A) Supplies, of course! I mean, who doesn't know that supplies are expensed as they're consumed?

upvoted 0 times

...

Louann

6 months ago

Supplies are definitely the right answer!

upvoted 0 times

...

Alex

6 months ago

I feel pretty confident about this one. Supplies are consumed within a year, so they're normally recorded as expenses. I'll select A) Supplies.

upvoted 0 times

...

Daisy

6 months ago

Agreed, A) Supplies makes sense. They’re short-term.

upvoted 0 times

...

Ollie

6 months ago

Wait, are we sure it's not Expenses?

upvoted 0 times

...

Becky

6 months ago

Assets are things the company owns that have value, so I don't think it's C) Assets. I'm leaning towards A) Supplies.

upvoted 0 times

...

Aileen

7 months ago

I'm a little unsure about this one. I'll need to review my notes on the differences between assets, expenses, and equity.

upvoted 0 times

...

Staci

7 months ago

Okay, I know supplies are usually expensed right away, so I'm going to go with A) Supplies.

upvoted 0 times

...

Elden

7 months ago

Hmm, this seems like a straightforward accounting question. I'll need to think about the definitions of the different account types.

upvoted 0 times

Mickie

2 months ago

True, but supplies are more specific to what’s used up quickly.

upvoted 0 times

...

Margarett

2 months ago

But what about B) Expenses? They also fit the description.

upvoted 0 times

...

Donte

3 months ago

Yeah, I agree with you, Mike. Supplies are definitely consumed within a year.

upvoted 0 times

...

Ammie

3 months ago

I think it's A) Supplies. They get used up quickly.

upvoted 0 times

...

Alishia

7 months ago

I thought it could be B) Expenses too, but that seems too broad. Supplies seems more specific.

upvoted 0 times

...

Marge

8 months ago

This question reminds me of a practice question we did on categorizing costs. I feel like A) Supplies fits best.

upvoted 0 times

...

Royce

8 months ago

I'm not entirely sure, but I remember something about expenses being recorded differently than assets.

upvoted 0 times

...

Karina

8 months ago

I think the answer might be A) Supplies, since they are usually used up quickly.

upvoted 0 times

...