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

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

Question #: 66
Topic #: 1

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

Suggested Answer: A

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

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Chantell

2 days 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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Jaclyn

15 days 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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Jesus

5 days ago

User 1: I think the correct entry is C.

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Vicente

28 days ago

Hmm, that makes sense. I see your point. Option C could be the correct answer then.

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Sarah

30 days 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 months ago

I think the correct journal entry is option A.

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