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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Jaclyn

5 days 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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Vicente

18 days ago

Hmm, that makes sense. I see your point. Option C could be the correct answer then.

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Sarah

20 days ago

I believe it should be option C, because we need to reverse the double recording of the gas bill.

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Vicente

26 days ago

I think the correct journal entry is option A.

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