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

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?
A) The total spend of $185
B) The float total of $250.
C) The total of the float and total spend of $435
D) The difference between the float and total spend of $65

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

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam
Question #: 34
Topic #: 1
[All CIMAPRA17-BA3-1 Questions]

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?

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Suggested Answer: A

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

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Romana
10 months ago
I agree with D, that makes the most sense!
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Jina
10 months ago
I thought it would be the total spend, not just the difference.
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Arlette
11 months ago
Wait, is it really just $65? Seems off.
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Charlesetta
11 months ago
Definitely option D, just $65 needed!
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Elbert
11 months ago
GH needs to top up to $250.
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Michel
11 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.
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Fausto
11 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.
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Nobuko
11 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?
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Loreen
11 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
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