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CIMAPRA17-BA3-1 Exam - Topic 1 Question 66 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam
Question #: 66
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: A

by Georgene at Mar 02, 2023, 07:29 AM

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Cherry
5 months ago
Just to clarify, the gas bill was recorded twice, right?
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Staci
5 months ago
I think the correct entry is option B.
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Ruth
6 months ago
Wait, is it really that simple to fix?
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Lauran
6 months ago
Totally agree, double recording can mess things up!
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Irma
6 months ago
The suspense account has a credit balance of $230.
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Matthew
6 months ago
I think the correct entry involves reducing the suspense account, but I can't recall the exact journal entry format we used.
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Nathalie
6 months ago
I feel a bit confused about whether the credit balance means we should be debiting or crediting something else.
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Kayleigh
6 months ago
This question seems similar to one we practiced about correcting double entries. I think we need to debit the gas account to fix it.
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Colette
6 months ago
I remember we discussed suspense accounts in class, but I'm not entirely sure which entry to choose here.
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Phil
6 months ago
This question seems straightforward, but I want to make sure I understand the key features for preventing unknown targeted attacks.
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Elvera
6 months ago
This seems like a pretty straightforward question. The data needs to persist throughout the current shopping experience, so I'm thinking a session scope variable would be the best option.
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Vanesa
6 months ago
I think the key is to focus on indexing and reducing the amount of data returned. The "only update records that have changed" option sounds interesting, but I'll need to understand how that works in practice.
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Alexis
6 months ago
This one seems straightforward. The key is to identify the correct term that describes the logic in reusable services.
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Deandrea
6 months ago
Hmm, I'm a bit confused on this one. I know that WEP is not secure, so B is definitely not the answer. But I'm not sure if broadcasting on 5Ghz or putting the network on a separate VLAN would really help prevent eavesdropping. I think I'll go with C just to be safe.
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Laticia
11 months ago
This is the kind of question that makes me want to throw my calculator out the window! But I'll resist the urge and go with C. Gotta keep a cool head in these exams.
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Gwen
11 months ago
C makes the most sense to me. Debit the suspense account to remove the credit balance, and credit the gas account to fix the double recording. Textbook accounting, really.
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Rosendo
9 months ago
Good catch on identifying the error and knowing how to correct it.
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Christiane
10 months ago
Definitely, textbook accounting principles at work here.
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Bev
10 months ago
It's a simple fix, just need to debit the suspense account and credit the gas account.
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Werner
10 months ago
I agree, C is the correct journal entry to fix the error.
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Golda
11 months ago
Haha, as if accounting could ever be easy! This question is a real brain-teaser. I'm going to go with B just to keep things interesting.
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Merri
10 months ago
User 3: B seems like the right choice
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Viva
10 months ago
User 2: I'm going with C
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Elin
10 months ago
User 1: I think it's A
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Chantell
11 months ago
Hmm, I'm not sure about this one. Let me think it through again. I'm leaning towards D, but I'll double-check my work.
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Dannie
10 months ago
User 3: I'm leaning towards D, but I'll double-check my work.
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Janessa
11 months ago
User 2: I'm not sure, I was thinking it could be C.
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Elliot
11 months ago
User 1: I think it might be A.
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Jaclyn
12 months ago
I think the correct entry is C. The suspense account has a credit balance, so we need to debit the suspense account and credit the gas account to correct the error.
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Dacia
10 months ago
Cyril: Oh, I see. Thanks for the explanation.
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Cyril
10 months ago
User 3: I agree with Kristeen, we need to debit the suspense account and credit the gas account to correct the error.
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Kristeen
10 months ago
User 2: No, I believe the correct entry is A.
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Davida
10 months ago
User 1: I think the correct entry is C.
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Jerry
10 months ago
Gilbert: Oh, that makes sense. Thanks for explaining.
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Gilbert
10 months ago
Bulah: Because the suspense account has a credit balance, so we need to debit the suspense account and credit the gas account to correct the error.
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Bulah
10 months ago
User 2: Why do you think that?
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Jesus
11 months ago
User 1: I think the correct entry is C.
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Vicente
1 year ago
Hmm, that makes sense. I see your point. Option C could be the correct answer then.
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Sarah
1 year ago
I believe it should be option C, because we need to reverse the double recording of the gas bill.
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Vicente
1 year ago
I think the correct journal entry is option A.
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