Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25

- Free Preparation Discussions

CIMAPRA17-BA3-1 Exam - Topic 1 Question 38 Discussion

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

Question #: 38
Topic #: 1

[All CIMAPRA17-BA3-1 Questions]

A purchase of fixed assets was debited to the purchases account.

This resulted in:

AAn overstatement of profit and an overstatement of fixed assets

BAn overstatement of profit and an understatement of fixed assets

CAn understatement of profit and an overstatement of fixed assets

DAn understatement of profit and an understatement of fixed assets

Show Suggested Answer

Suggested Answer: D

by Lonny at May 05, 2022, 06:00 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

Britt

9 months ago

Not so sure about that, could be an understatement instead.

upvoted 0 times

...

Sharmaine

9 months ago

It's an overstatement of both, for sure.

upvoted 0 times

...

Crissy

9 months ago

Wait, how does that even happen? Sounds off.

upvoted 0 times

...

Hollis

9 months ago

I agree, it messes up the fixed assets too!

upvoted 0 times

...

Caren

9 months ago

This is definitely an overstatement of profit.

upvoted 0 times

...

Annice

10 months ago

I'm a bit confused by the options. Is the quote or service request process also relevant here, or is the catalog the only correct choice? I'll have to review the definitions of these terms to make sure I understand the differences.

upvoted 0 times

...

Lenny

10 months ago

This is a good test of my Oracle database knowledge. I feel confident I can identify the three correct statements here if I apply what I've learned.

upvoted 0 times

...