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CIMAPRA17-BA3-1 Exam - Topic 1 Question 82 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam
Question #: 82
Topic #: 1
[All CIMAPRA17-BA3-1 Questions]

VWX is registered for sales tax in Country B A sales invoice to its mam customer shows the following information:

What journal entry will WVX process to record this transaction in its nominal ledger?

A)

B)

C)

D)

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Suggested Answer: B

by Carissa at Mar 04, 2024, 09:54 AM

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Celestine
3 months ago
Not convinced that’s the right entry, though.
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Theola
3 months ago
Totally agree with you, Isabelle!
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Elouise
3 months ago
Wait, are we sure about the sales tax rate here?
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Evangelina
4 months ago
I think Option A is the right choice.
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Isabelle
4 months ago
Option B looks correct based on the tax implications.
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Glen
4 months ago
I’m a bit confused about whether we should debit or credit the sales tax payable account in this case.
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Jacob
4 months ago
I feel like option C looks familiar, but I can't recall if it was the correct one from my practice tests.
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Jeff
4 months ago
I remember a similar question where we had to account for sales tax, and I think it was important to separate the tax from the revenue.
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Danica
5 months ago
I think the journal entry should include both sales revenue and sales tax, but I'm not sure about the exact amounts.
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Rosio
5 months ago
This is a tricky one. The different journal entry options seem quite similar, so I'll need to pay close attention to the debits and credits in each to determine the right answer. I may need to sketch out the full accounting entries to be sure.
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Suzan
5 months ago
Okay, let me break this down step-by-step. The sales invoice shows the sale amount, sales tax, and total amount received. I need to identify which journal entry correctly records these elements. I think I can work through this systematically.
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Merri
5 months ago
Hmm, I'm a bit unsure about this one. The sales invoice details seem clear, but I'm not entirely confident in matching them to the right journal entry. I'll need to think through the accounting principles involved.
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Leota
5 months ago
This looks like a straightforward accounting transaction recording question. I'll carefully review the information provided and the journal entry options to determine the correct answer.
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Desirae
5 months ago
Hmm, I'm not too sure about this one. I was thinking maybe the active-active configuration would work, but I'm not entirely confident in that. I'll have to double-check the details on that.
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Janey
5 months ago
I'm feeling pretty confident about this one. The question is giving me all the information I need to determine the appropriate summary configuration on R1. I'll carefully evaluate the options and select the best answer.
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Sheron
5 months ago
I'm a bit confused by the "visualization layer performance losses" option. I'm not sure what that refers to in the context of container deployment. I'll have to research that a bit more.
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Sommer
5 months ago
Zero-day attack is definitely the way to go on this one. The question is specifically asking about vulnerabilities that are exploited before a patch is released, and that's the textbook definition of a zero-day attack.
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Aretha
5 months ago
I'm feeling a bit confused on this one. I know the auditor has responsibilities related to internal control, but I'm not sure of the exact requirements. I'll have to review my notes and try to reason through the options.
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Evangelina
2 years ago
I think Option D reflects the correct treatment of sales tax as per the invoice details.
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Gretchen
2 years ago
What makes you think Option D is the correct choice?
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Evangelina
2 years ago
I disagree, I believe the correct journal entry is Option D.
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Louisa
2 years ago
Because the invoice is showing S125 as the total value and Option A has the same amount.
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Gretchen
2 years ago
Why do you think Option A is the correct journal entry?
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Louisa
2 years ago
I think the journal entry should be Option A.
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Deandrea
2 years ago
In Option B, the journal entry correctly records the sales and the sales tax separately.
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Julene
2 years ago
Really? Can you explain why?
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Deandrea
2 years ago
I disagree, I believe the answer is Option B.
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Julene
2 years ago
Because the journal entry in Option A includes the correct debit and credit entries.
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Lenita
2 years ago
Hmm, why do you think that?
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Julene
2 years ago
I think the answer is Option A.
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