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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

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Britt

10 months ago

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

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Sharmaine

10 months ago

It's an overstatement of both, for sure.

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Crissy

11 months ago

Wait, how does that even happen? Sounds off.

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Hollis

11 months ago

I agree, it messes up the fixed assets too!

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Caren

11 months ago

This is definitely an overstatement of profit.

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Annice

11 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.

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Lenny

11 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.

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