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CIMAPRA17-BA3-1 Exam - Topic 1 Question 43 Discussion

Refer to the exhibit.A suspense account shows a credit balance of $230 which has arisen because of the recording of a gas bill twice in the gas account.In order to correct the error, which one of the following journal entries is required?The correct journal entry is
C) C
A) A
B) B
D) D

CIMAPRA17-BA3-1 Exam - Topic 1 Question 43 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam
Question #: 43
Topic #: 1
[All CIMAPRA17-BA3-1 Questions]

Refer to the exhibit.

A suspense account shows a credit balance of $230 which has arisen because of the recording of a gas bill twice in the gas account.

In order to correct the error, which one of the following journal entries is required?

The correct journal entry is

Show Suggested Answer Hide Answer
Suggested Answer: C

by Britt at May 09, 2022, 09:28 AM

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Clay
9 months ago
Sounds fishy, are we sure this is the only error?
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Rodolfo
9 months ago
Wait, how does a gas bill end up in a suspense account?
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Leslie
9 months ago
Not so sure about that, I lean towards option D.
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Temeka
9 months ago
I think option B is the right choice!
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Delila
9 months ago
The credit balance is $230 due to double entry.
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Rosita
10 months ago
I feel pretty confident about this one. Based on the requirements, I think option E is the way to go - adding the canvas app component directly to the main home page form and referencing the app name.
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Laine
10 months ago
I'm a bit confused by the wording of the question. What exactly does it mean by "unique solution" and "more than one correct solution"? I'll need to think through the implications of that before deciding on my approach.
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Lavonda
10 months ago
Ah, I see now. The toString() method is the key here. I'll need to choose the option that correctly returns the value of the ALPHA field as a string.
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