CIMA Exam CIMAPRA17-BA3-1 Topic 3 Question 102 Discussion

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

Question #: 102
Topic #: 3

[All CIMAPRA17-BA3-1 Questions]

Accountant P debited wages with 1,000 instead of 1,500, but credited sales with 1,500 instead of 2,000.

Which of the following kind of bookkeeping mistakes is this?

AError of original entry

BCompensation of errors

CReversal of entries

DError of principle

Show Suggested Answer

Suggested Answer: D

by Kasandra at Oct 23, 2024, 05:10 AM

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4 days ago

Man, I bet Accountant P is really regretting that mix-up. Reversal of entries would have been a much cooler answer, though.

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8 days ago

This sounds like a classic case of compensation of errors. The debits and credits don't add up, but they happen to offset each other.

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12 days ago

But could it also be a Compensation of errors since the debited amount was less than the credited amount?

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15 days ago

I agree with Ceola, because the mistake occurred at the point of entry.

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16 days ago

I think it's an Error of original entry.

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