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

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Carli

5 months ago

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

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Miesha

5 months ago

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

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Tyra

5 months ago

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

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Sherron

5 months ago

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

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Lynelle

6 months ago

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

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Malcom

6 months ago

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

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Hortencia

6 months ago

Surprised this isn't a trick question!

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Isaiah

6 months ago

I think it's A too, makes sense.

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Kenia

6 months ago

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

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Gerardo

6 months ago

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

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Ilda

7 months ago

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

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Serita

7 months ago

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

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Renay

7 months ago

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

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Louann

7 months ago

Supplies are definitely the right answer!

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Alex

7 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.

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Daisy

8 months ago

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

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Ollie

8 months ago

Wait, are we sure it's not Expenses?

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Becky

8 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.

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Aileen

8 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.

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Staci

8 months ago

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

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Elden

9 months ago

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

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Mickie

4 months ago

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

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Margarett

4 months ago

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

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Donte

4 months ago

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

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Ammie

4 months ago

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

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Alishia

9 months ago

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

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Marge

9 months ago

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

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Royce

9 months ago

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

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Karina

9 months ago

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

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