Jaune's transcripts. Thankfully, he isn't going to hold it against him.

"...so, Professor, why did you need me to present evidence to back up my side of the story?" Jaune asked Ozpin curiously. "I highly doubt you couldn't figure out how to look into how to verify what actually happened?"

Ozpin smiled. "You are correct, Mr. Arc. It would have been a simple matter to expose Mr. Winchester's attempt to decieve me. However, as an instructor, I find more value in prodding students to come to the right answer for themselves, rather than simply giving them the right answer. It is a valuable skill to be able to think of solutions without needing to be helped. I try to nurture that skill wherever I can."

"...so that was essentially an impromptu test?" Jaune inquired, and Ozpin nodded.

"Indeed, Mr. Arc. And I must say, you passed with flying colors. However, speaking of attempts to deceive, I want to discuss something with you," the headmaster continued, pulling out his Scroll, and opening up an app that created a hard light display... of Jaune's transcripts.

Jaune paled. "Um... sir... what do you mean?" he hedged.

Ozpin stared at Jaune sternly, before looking amused. "Mr. Arc. I am about as far from being born yesterday as one can get. I am well aware that these are fake. Well made fakes, to be sure, but not good enough to fool me."

Jaune sighed, slumping. "You knew all along? Then... why let me into Beacon in the first place?" he asked.

"Mr. Arc, Huntsmen and Huntresses are in short supply. Very few people are willing to put their lives on the line by fighting the Creatures of Grimm on a daily basis. But it wasn't merely pragmatism. I believed you may have potential that wasn't given the chance to be realized in previous enviornments. And so I gave you a chance."

"And... do you still believe I have that potential?" Jaune questioned.

"No, Mr. Arc, I do not believe that anymore," Ozpin shook his head, and before Jaune could react with depression, he clarified, "I am now absolutely certain you have great potential." Jaune stared in disbelief. "From you performing well within the Emerald Forest by coming up with the strategy to defeat the Deathstalker, to your performance against Mr. Winchester in combat classes, apparently coming out the winner in an altercation with him when in a disadvantaged position, and now your wonderful handling of the afterwards. You've proven that I was not mistaken to allow you into this institution. Just don't attempt to insult my intelligence again in the future," he finished, still showing his amusement.

"...and why tell me this?" Jaune inquired, relieved.

"Well, Mr. Arc, now that I am certain you belong here, you don't need to be constantly stressed about whether someone might discover your falsified transcripts. You can officially consider it water under the bridge. Hopefully, that will help your studies along a little," Ozpin told him. "Especially considering you have a lot to catch up on."

"...I see," Jaune replied, trying to process it all... and finding that he in fact, could have more respect for Ozpin than he already did. Once he was dismissed, he got up and left, his head spinning.