CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 79 Discussion

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

Question #: 79
Topic #: 1

A business has come to you for advice. There are about to start trading and want to ensure that they keep appropriate accounting records that will grow with their business, save time and produce useful information. They have already established books of prime entry.

Which of the following would you also suggest they use?

AAccounting codes

BSame staff for all books of prime entry

CLetterhead stationary

DCash transactions only

Show Suggested Answer

Suggested Answer: B

by Danica at Dec 24, 2023, 10:03 PM

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Gracia

2 months ago

I hear the cash-only option (D) is great for businesses that want to keep their books as mysterious as a magician's hat.

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Malika

7 days ago

C: Letterhead stationary can give a professional look to the business's documents.

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Adell

17 days ago

B: Using the same staff for all books of prime entry can help maintain consistency and accuracy.

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Mitsue

22 days ago

A: I would suggest using accounting codes to help organize and track transactions.

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Emiko

2 months ago

Accounting codes all the way, baby! With option A, they can keep their books looking as sharp as their new letterhead stationery (option C).

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Nidia

20 days ago

B) Same staff for all books of prime entry

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Leota

26 days ago

C) Letterhead stationary

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Rosalind

1 months ago

A) Accounting codes

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Cheryl

2 months ago

I think letterhead stationary would also be a good suggestion to maintain a professional image.

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Ammie

2 months ago

I agree with Noel. Accounting codes will help them track their transactions easily.

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Noel

2 months ago

I think they should use accounting codes to organize their records efficiently.

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Cecil

2 months ago

I think they should also use letterhead stationary to maintain a professional image.

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An

2 months ago

I agree with Leonard. Accounting codes will help them track transactions more efficiently.

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Ulysses

2 months ago

Cash transactions only? Really? Option D is just ridiculous. They're trying to build a successful business, not run a lemonade stand!

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Deangelo

1 months ago

B: Definitely! They should consider using accounting codes to keep track of their transactions more efficiently.

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Levi

1 months ago

A: I agree, cash transactions only is not a good idea for a growing business.

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Andree

1 months ago

B: They should definitely consider using accounting codes to organize their records efficiently.

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Shenika

1 months ago

A: I agree, cash transactions only would limit their growth potential.

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Rosendo

2 months ago

I'd have to say option B - Same staff for all books of prime entry. That way they can ensure consistency and accuracy across their records. Plus, it's a good way to save time and reduce errors.

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Chauncey

26 days ago

D) Cash transactions only

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Malcom

27 days ago

C) Letterhead stationary

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Frederica

1 months ago

B) Same staff for all books of prime entry

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Muriel

2 months ago

A) Accounting codes

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Precious

2 months ago

Definitely go with option A - Accounting codes. That's the best way to keep their records organized and grow with their business. The other options just don't make sense for what they're trying to achieve.

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Leonard

3 months ago

I think they should use accounting codes to organize their records.

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