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CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 89 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam
Question #: 89
Topic #: 1
[All CIMAPRA17-BA3-1 Questions]

A company's cashbook has an opening balance of 4,860 debit. The following transactions then took place:

(a) Cash sales - 23,500, including VAT of 3,500

(b) Receipts from customers - 18,600

(c) Payments to payables 12,400, less cash discounts of 240

(d) Bank Charges - 260

What will be the resulting balance in the cash book?

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Suggested Answer: D

by Sheridan at May 30, 2024, 02:07 AM

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Mira
1 months ago
Alright, let's see here... Ah, I think I've got it. The answer is D) 21,340 credit. Nailed it!
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Stevie
1 months ago
D) 21,340 credit, got it. This is a classic cash book question. Easy peasy, lemon squeezy!
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Stevie
16 hours ago
B) 31,040 debit
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Leandro
9 days ago
A) 24,580 credit
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Arlene
2 months ago
Hmm, I'm not too sure about this one. Let me go through the numbers again. Ah, I see now, D) 21,340 credit is the correct answer. Nice one!
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Laurena
20 days ago
Actually, it's D) 21,340 credit. Good job!
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Rodrigo
1 months ago
I think it's B) 31,040 debit.
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Nancey
2 months ago
I'm not sure, but I think it might be 21,340 credit because of the payments to payables and bank charges reducing the balance.
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Lilli
2 months ago
I think the answer is D) 21,340 credit. The question gives us the opening balance, and then we need to add the cash sales and receipts, and subtract the payments and bank charges. This seems to add up to a credit balance of 21,340.
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Izetta
2 months ago
I agree with Lina, because the cash sales and receipts from customers will increase the balance.
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Lina
2 months ago
I think the resulting balance will be 24,580 credit.
upvoted 0 times
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