CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 66 Discussion

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

Question #: 66
Topic #: 1

Refer to the exhibit.

A suspense account shows a credit balance of $230 which has arisen because of the recording of a gas bill twice in the gas account.

In order to correct the error, which one of the following journal entries is required?

The correct journal entry is

Show Suggested Answer

Suggested Answer: A

by Georgene at Mar 02, 2023, 07:29 AM

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Laticia

1 months ago

This is the kind of question that makes me want to throw my calculator out the window! But I'll resist the urge and go with C. Gotta keep a cool head in these exams.

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Gwen

1 months ago

C makes the most sense to me. Debit the suspense account to remove the credit balance, and credit the gas account to fix the double recording. Textbook accounting, really.

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Werner

1 days ago

I agree, C is the correct journal entry to fix the error.

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Golda

1 months ago

Haha, as if accounting could ever be easy! This question is a real brain-teaser. I'm going to go with B just to keep things interesting.

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Viva

4 days ago

User 2: I'm going with C

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Elin

15 days ago

User 1: I think it's A

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Chantell

2 months ago

Hmm, I'm not sure about this one. Let me think it through again. I'm leaning towards D, but I'll double-check my work.

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Dannie

19 days ago

User 3: I'm leaning towards D, but I'll double-check my work.

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Janessa

25 days ago

User 2: I'm not sure, I was thinking it could be C.

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Elliot

1 months ago

User 1: I think it might be A.

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Jaclyn

2 months ago

I think the correct entry is C. The suspense account has a credit balance, so we need to debit the suspense account and credit the gas account to correct the error.

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