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CIMAPRA17-BA3-1 Exam - Topic 2 Question 112 Discussion

A trial balance should be extracted from the ledger accounts prior to preparing the final accounts because:
A) It confirms the arithmetical accuracy of the entries made in the ledger accounts
B) It proves that the entries made in the ledger accounts are all correct
C) It provides a summary of assets and liabilities
D) It shows where errors have been made

CIMAPRA17-BA3-1 Exam - Topic 2 Question 112 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam
Question #: 112
Topic #: 2
[All CIMAPRA17-BA3-1 Questions]

A trial balance should be extracted from the ledger accounts prior to preparing the final accounts because:

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Suggested Answer: A

by Emerson at Jun 11, 2025, 11:40 AM

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Erick
9 months ago
C is interesting, but isn't it more about balancing than summarizing?
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Lynda
9 months ago
But it doesn't prove everything is correct, just that the totals match.
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Mammie
9 months ago
Totally agree, it's all about accuracy!
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Sunshine
9 months ago
Wait, I thought it only showed errors, not confirmed accuracy?
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Fatima
10 months ago
A trial balance checks the math, right?
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Corinne
10 months ago
I feel like the trial balance is more about summarizing accounts rather than detailing assets and liabilities, so C might not be the best choice.
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Shaunna
10 months ago
I practiced a question like this before, and I recall that the trial balance doesn't prove all entries are correct, so B seems off to me.
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Gretchen
10 months ago
I'm not entirely sure, but I remember something about the trial balance helping to identify errors, which could relate to option D.
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Janessa
10 months ago
I think the trial balance mainly checks for arithmetical accuracy, so I might lean towards option A.
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Gaynell
11 months ago
I'm a little confused by the wording of the question. Does it want me to explain why a trial balance is extracted, or what the purpose of a trial balance is? I'll need to re-read the question and options more closely.
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Kasandra
11 months ago
Okay, I've got this! The trial balance confirms the arithmetical accuracy of the ledger entries, so I'm going with option A. It's the most direct answer to the question.
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Blythe
11 months ago
Hmm, I'm a bit unsure about this one. I know a trial balance is used to check the accuracy of the ledger accounts, but I'm not sure if I fully understand the nuances between the answer choices. I'll need to think this through carefully.
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Beula
11 months ago
This seems like a straightforward question about the purpose of a trial balance. I'll review the key points about trial balances and then carefully consider each option.
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Herman
1 year ago
Haha, this question's a real laugh riot. It's like asking if the sky is blue - A is the clear winner here, my friends.
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Whitney
11 months ago
C) It provides a summary of assets and liabilities
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Eura
12 months ago
B) It proves that the entries made in the ledger accounts are all correct
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Becky
1 year ago
A) It confirms the arithmetical accuracy of the entries made in the ledger accounts
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Ona
1 year ago
This is easy, folks. A trial balance is all about keeping those books balanced, plain and simple. Option A is the way to go, no doubt.
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Amira
1 year ago
D, all the way. Ain't no shame in finding those pesky errors, am I right?
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Laine
12 months ago
D) It shows where errors have been made
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Shawana
1 year ago
A) It confirms the arithmetical accuracy of the entries made in the ledger accounts
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Ozell
1 year ago
D) It shows where errors have been made
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Shala
1 year ago
A) It confirms the arithmetical accuracy of the entries made in the ledger accounts
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Iluminada
1 year ago
C) It provides a summary of assets and liabilities, which is important for preparing the final accounts.
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Miriam
1 year ago
C seems like the obvious choice to me. Gimme that sweet, sweet summary of assets and liabilities!
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Leah
1 year ago
C: Definitely, it gives a clear summary of the company's financial position with assets and liabilities.
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Arminda
1 year ago
B: Yeah, it's important to make sure all the numbers add up correctly.
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Laurel
1 year ago
A: A trial balance should be extracted from the ledger accounts prior to preparing the final accounts because it confirms the arithmetical accuracy of the entries made in the ledger accounts.
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Gracia
1 year ago
I'm gonna have to go with B. Gotta make sure those entries are squeaky clean!
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Berry
1 year ago
I'm gonna have to go with B. Gotta make sure those entries are squeaky clean!
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Velda
1 year ago
B) It proves that the entries made in the ledger accounts are all correct
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Blondell
1 year ago
A) It confirms the arithmetical accuracy of the entries made in the ledger accounts
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Cristen
1 year ago
I agree with Ty, extracting a trial balance helps ensure the accuracy of the ledger accounts.
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Catarina
1 year ago
Option A is the way to go. It's all about double-checking those numbers, you know?
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Cristal
1 year ago
User 2: Definitely, it's crucial to confirm the accuracy of the ledger entries.
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Angelyn
1 year ago
User 1: I agree, option A is important for making sure everything adds up correctly.
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Ty
1 year ago
A) It confirms the arithmetical accuracy of the entries made in the ledger accounts
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