CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 104 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam

Question #: 104
Topic #: 1

Refer to the exhibit.

The trial balance of Monchu Partnership, as at 30 June 2006, has a suspense account. Subsequent investigations revealed that:

(1) A payment of 352 to Mr. Tan was posted as 325.

(2) A remittance of 450 received from Arumugam was credited to Armits accounts.

(3) Salaries of 12000 have not been posted from the cash book.

Monchu suggested the following adjustments:

The appropriate journal entries are:

A(a), (c) and (e) only

B(b), (d) and (f) only

C(b) and (f) only

D(b), (e) and (f) only

Show Suggested Answer

Suggested Answer: A, C, F

by Kayleigh at Dec 10, 2024, 08:02 PM

Limited Time Offer

25%

Off

Get Premium CIMAPRA17-BA3-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Jess

1 months ago

I bet Monchu is regretting suggesting those adjustments now. Probably should have just let the accountants handle it instead of trying to be a hero. Oh well, at least it's an interesting question!

upvoted 0 times

...

Eve

1 months ago

Wait, where's the option for (d)? Monchu suggested that, so it must be part of the correct answer. I'm going with (b), (d), and (f) just to be safe.

upvoted 0 times

...

Lon

1 months ago

I'm not sure why the question is so complicated. Shouldn't we just go with (b) and (f) to correct the errors? That seems like the most straightforward approach to me.

upvoted 0 times

Annelle

7 days ago

Yes, it's important to focus on the errors mentioned and make the necessary corrections.

upvoted 0 times

...

Afton

11 days ago

I agree, those adjustments seem to address the specific errors mentioned in the question.

upvoted 0 times

...

Pa

16 days ago

I think (b) and (f) are the best options to correct the errors.

upvoted 0 times

...

Mozell

2 months ago

Haha, Armits must be a really forgetful guy to have that remittance credited to his account instead of Arumugam's. (b) and (f) are the correct entries to fix that and the salary issue.

upvoted 0 times

Lawana

11 days ago

Let's hope Monchu Partnership doesn't have any more mix-ups like that in the future.

upvoted 0 times

...

Agustin

19 days ago

The journal entries (b) and (f) will definitely fix that mistake.

upvoted 0 times

...

Martina

2 months ago

Yeah, poor guy probably didn't even realize what happened.

upvoted 0 times

...

Nieves

2 months ago

I agree, Armits must have been really confused when he saw that remittance in his account.

upvoted 0 times

...

The payment to Mr. Tan being posted as 325 instead of 352 is clearly an error, so (a) is the correct entry to correct this. Salaries of 12000 not being posted from the cash book is also an error, so (e) is the correct entry. I agree with Monchu's suggested adjustments.

upvoted 0 times

Johanna

2 months ago

I agree, option A) seems to be the best choice based on the errors identified in the exhibit.

upvoted 0 times

...

Eun

2 months ago

I think option A) is correct because it includes the correction for the payment to Mr. Tan and the salaries not posted from the cash book.

upvoted 0 times

...

Alecia

2 months ago

Why do you think option D is correct?

upvoted 0 times

...

Shanice

2 months ago

I disagree, I believe the correct answer is option D.

upvoted 0 times

...

Alecia

3 months ago

I think the answer is option B.

upvoted 0 times

...

CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 104 Discussion

Contribute your Thoughts:

Jess

Eve

Lon

Annelle

Afton

Pa

Mozell

Lawana

Agustin

Martina

Nieves

Moon

Johanna

Eun

Alecia

Shanice

Alecia