CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 85 Discussion

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

Question #: 85
Topic #: 1

MNO operates an imprest system to maintain a float of petty cash of 5100 At the end of the week the petty cash expense vouchers total $76 and there is $36 cash in the float. Which of the following, taken independently, would explain this difference of $10?

AThe total of the expense vouchers has been overstated by $10

B$10 expense has been paid for which there is a missing expense voucher

CA $20 bill has been counted as a $10 bill in the float

DA $10 receipt from an employee has not been added to the float

Show Suggested Answer

Suggested Answer: A

by Julian at Apr 22, 2024, 08:59 PM

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Armanda

5 days ago

Hmm, I'm pretty sure it's B. Missing expense voucher. That seems like the most straightforward explanation to me.

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Dalene

17 days ago

That's a good point, Izetta. It could be either of those reasons causing the $10 difference.

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Izetta

22 days ago

I disagree, I believe it could also be C) A $20 bill has been counted as a $10 bill in the float.

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Dalene

22 days ago

I think the answer is B) $10 expense has been paid for which there is a missing expense voucher.

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