Online Access Free ACFE.CFE.v2022-01-05.q135 Practice Test (Page 10)

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

A.Disbursement journal

B.Accounts receivable journal

C.Accounts payable journal

D.General journal

"Anticipate possible losses and omit potential profits", this results in:

A.Asymmetrical accounting

B.Symmetrical accounting

C.Playing accounting

D.Bearing accounting

Which of the following is NOT the reason to bribe employees of the purchaser?

A.To ensure bid-splitting

B.To extend the bid opening date

C.To ensure receipt of a late bid

D.To falsify the bid log

A shell company scheme in which actual goods or services are sold to the victim company is known as:

A.Pass-through scheme

B.Distribution scheme

C.Maintenance scheme

D.Allocation scheme

Once the expense account is closed, it becomes a historical item and probably will never be reviewed again.

A.True

B.False

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