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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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Jess
1 months ago
I bet Monchu is regretting suggesting those adjustments now. Probably should have just let the accountants handle it instead of trying to be a hero. Oh well, at least it's an interesting question!
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Eve
1 months ago
Wait, where's the option for (d)? Monchu suggested that, so it must be part of the correct answer. I'm going with (b), (d), and (f) just to be safe.
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Lon
1 months ago
I'm not sure why the question is so complicated. Shouldn't we just go with (b) and (f) to correct the errors? That seems like the most straightforward approach to me.
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Annelle
6 days ago
Yes, it's important to focus on the errors mentioned and make the necessary corrections.
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Afton
10 days ago
I agree, those adjustments seem to address the specific errors mentioned in the question.
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Pa
15 days ago
I think (b) and (f) are the best options to correct the errors.
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Mozell
2 months 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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Lawana
10 days ago
Let's hope Monchu Partnership doesn't have any more mix-ups like that in the future.
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Agustin
18 days ago
The journal entries (b) and (f) will definitely fix that mistake.
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Martina
1 months ago
Yeah, poor guy probably didn't even realize what happened.
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Nieves
2 months ago
I agree, Armits must have been really confused when he saw that remittance in his account.
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Moon
2 months 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
2 months ago
I agree, option A) seems to be the best choice based on the errors identified in the exhibit.
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Eun
2 months 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
2 months ago
Why do you think option D is correct?
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Shanice
2 months ago
I disagree, I believe the correct answer is option D.
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Alecia
3 months ago
I think the answer is option B.
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