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ACFE CFE Exam - Topic 3 Question 46 Discussion

Posted by Caprice on Jan 29, 2024 at 12:30 AM

Entering a sales total lower than the amount actually paid by the customer is called:

Suggested Answer: D

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43 comments · newest first
ST
Staci 11 months ago
All of the above doesn't make sense here.
RE
Rebbeca 11 months ago
Wait, is that really a thing? Sounds sketchy.
SU
Sue 11 months ago
Agree, underrings is the term used!
DO
Douglass 12 months ago
I thought it was just a mistake in recording.
GA
Gail 12 months ago
It's definitely called underrings a sale.
JE
Jettie 12 months ago
I thought "internal sales audits" might be the answer, but now I'm second-guessing myself after reviewing the question again.
CA
Cassandra 1 year ago
I feel like "underrings a sale" is the right answer, but I also wonder if it could be related to the other options.
AG
Agustin 1 year ago
I remember we discussed something similar in class, but I can't recall if it was specifically about sales procedures or audits.
MA
Marylin 1 year ago
I think the term might be "underrings a sale," but I'm not completely sure. It sounds familiar from our last practice session.
VE
Veronika 1 year ago
Okay, let me break this down. Entering a lower sales total than the actual amount paid - that sounds like it would be considered "underringing" the sale. I'll go with A.
CH
Chau 1 year ago
Hmm, I'm not totally sure about this one. I'll have to think it through carefully before selecting an answer.
HE
Hermila 1 year ago
This one seems pretty straightforward. I'm pretty confident the answer is A - Underrings a sale.
CO
Cordelia 1 year ago
All of the options sound like they could potentially be correct. I'm going to have to really analyze the question to determine the best answer.
LA
Laquita 1 year ago
Hmm, this is a tricky one. I'll need to carefully read through the options and think about the best approach for worker nodes.
IR
Ira 1 year ago
I'm not totally confident, but I'm leaning towards A - the dental care kit itself. That seems to be the main unit that was purchased, even though it contains smaller packaged items.
FE
Felicitas 1 year ago
Hmm, I'm not entirely sure about this one. I'll have to think it through carefully. Maybe I can eliminate a couple of the options and then make an educated guess.
ED
Edwin 1 year ago
This question seems straightforward, but I want to double-check the details on the filing requirements and extensions.
CH
Charolette 1 year ago
I remember practicing with a similar question, and I think the tool helps in identifying root causes, which might link to option C.
LE
Lezlie 1 year ago
All of the above? More like 'all of the ways to get fired and end up in jail!'
JA
Jamal 1 year ago
↳ replying to Lezlie
C) Internal sales audits
GL
Glenn 1 year ago
↳ replying to Lezlie
B) Recording a sale procedure
LA
Lashawnda 1 year ago
↳ replying to Lezlie
A) Underrings a sale
ED
Edelmira 2 years ago
Recording a sale procedure? Sounds like a fancy way to say 'cooking the books'.
MO
Monte 1 year ago
↳ replying to Edelmira
D) All of the above
AS
Ashanti 1 year ago
↳ replying to Edelmira
C) Internal sales audits
LA
Laquanda 1 year ago
↳ replying to Edelmira
B) Recording a sale procedure
ON
Oneida 1 year ago
↳ replying to Edelmira
A) Underrings a sale
YU
Yuonne 2 years ago
D) All of the above makes sense to me, as internal sales audits can also catch underrings a sale.
DA
Dahlia 2 years ago
I think it's A) Underrings a sale because it involves entering a lower sales total.
JE
Jennie 2 years ago
I'm no accountant, but I'm pretty sure that's called 'creative accounting' in the real world.
LA
Lashunda 1 year ago
↳ replying to Jennie
B) Recording a sale procedure
WA
Walton 1 year ago
↳ replying to Jennie
A) Underrings a sale
EM
Emerson 1 year ago
↳ replying to Jennie
B) Recording a sale procedure
VI
Victor 1 year ago
↳ replying to Jennie
A) Underrings a sale
WI
William 2 years ago
A) Underrings a sale
TE
Tegan 2 years ago
I disagree, I think it's C) Internal sales audits because it involves checking for discrepancies.
JA
Jamal 2 years ago
Underrings a sale? More like undervaluing the customer's hard-earned cash!
LU
Lucy 1 year ago
↳ replying to Jamal
D) All of the above
TE
Tequila 1 year ago
↳ replying to Jamal
C) Internal sales audits
GR
Gracia 1 year ago
↳ replying to Jamal
B) Recording a sale procedure
PR
Precious 2 years ago
↳ replying to Jamal
A) Underrings a sale
LU
Lura 2 years ago
I think it's A too, because it makes sense to enter a lower total to avoid suspicion.
MA
Macy 2 years ago
A) Underrings a sale
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