CIMAPRA17-BA3-1 Exam - Topic 1 Question 34 Discussion

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

Question #: 34
Topic #: 1

GH operates an imprest system for petty cash, maintaining a float of $250 The following petty cash book extract is available for a week in March 20X6:

How much does GH need to transfer from the bank account at the end of this week In order to maintain the imprest system?

AThe total spend of $185

BThe float total of $250.

CThe total of the float and total spend of $435

DThe difference between the float and total spend of $65

Show Suggested Answer

Suggested Answer: A

by Luisa at May 10, 2022, 01:14 AM

Limited Time Offer

25%

Off

Get Premium CIMAPRA17-BA3-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Romana

7 months ago

I agree with D, that makes the most sense!

upvoted 0 times

...

Jina

7 months ago

I thought it would be the total spend, not just the difference.

upvoted 0 times

...

Arlette

7 months ago

Wait, is it really just $65? Seems off.

upvoted 0 times

...

Charlesetta

8 months ago

Definitely option D, just $65 needed!

upvoted 0 times

...

Elbert

8 months ago

GH needs to top up to $250.

upvoted 0 times

...

Michel

8 months ago

Hmm, this seems like a tricky one. I'll need to think through the details of the Dual-Site configuration and the Security group to figure this out.

upvoted 0 times

...

Fausto

8 months ago

I remember the consolidation feature is used to help with data quality monitoring, but I'm not sure about the other use cases. I'll have to think this through carefully.

upvoted 0 times

...

Nobuko

8 months ago

I vaguely recall that the goal of reducing IT burden was to enhance overall capacity, so perhaps option D regarding reduced operational costs might be the odd one out?

upvoted 0 times

...

Loreen

8 months ago

Okay, I'm feeling more confident now. I'll eliminate the options that don't seem to match the question, and then carefully consider the remaining ones to select the best answer.

upvoted 0 times

...