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

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam
Question #: 104
Topic #: 1
[All CIMAPRA17-BA3-1 Questions]

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:

Show Suggested Answer Hide Answer
Suggested Answer: A, C, F

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

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Mozell
11 days 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.
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Nieves
4 days ago
I agree, Armits must have been really confused when he saw that remittance in his account.
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Moon
18 days ago
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.
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Johanna
1 days ago
I agree, option A) seems to be the best choice based on the errors identified in the exhibit.
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Eun
5 days 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.
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Alecia
25 days ago
Why do you think option D is correct?
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Shanice
26 days ago
I disagree, I believe the correct answer is option D.
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Alecia
1 months ago
I think the answer is option B.
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