CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 91 Discussion

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

Question #: 91
Topic #: 1

[All CIMAPRA17-BA3-1 Questions]

Which ONE of the following is an asset?

ASales tax paid on an item

BSales tax received from the sale of an item

CSales tax exempt from an item

Show Suggested Answer

Suggested Answer: B

by Annamae at Jun 30, 2024, 02:24 PM

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11 days ago

I agree with Catina, B) Sales tax received from the sale of an item is an asset because it's money coming in.

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16 days ago

I disagree, I believe the answer is A) Sales tax paid on an item because it's a liability.

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17 days ago

I think the answer is B) Sales tax received from the sale of an item.

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