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CIMAPRA17-BA3-1 Exam - Topic 3 Question 108 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam
Question #: 108
Topic #: 3
[All CIMAPRA17-BA3-1 Questions]

Refer to the Exhibit.

The Financial Accountant for a company is preparing the monthly bank reconciliation and has extracted the following information:

The correct cash book balance at the month end will be:

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Suggested Answer: D

by Celia at Mar 06, 2025, 11:39 PM

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Tasia
4 months ago
$29,140? That’s way too low, right?
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Cherilyn
5 months ago
Wait, how did they get to $44,610? That seems off.
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Justa
5 months ago
I’m not so sure about that, $41,960 could be it.
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Bev
5 months ago
Totally agree, A seems right!
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Jenise
5 months ago
I think the correct balance is $42,870.
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Theresia
6 months ago
I’m leaning towards option C, $44,610, but I’m a bit confused about how to account for the bank fees we covered last week.
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Marilynn
6 months ago
I feel like option B, $41,960, might be correct since it seems to fit with the adjustments we discussed in class.
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Jacquelyne
6 months ago
I think the cash book balance should be adjusted for outstanding checks and deposits in transit, but I can't recall the exact figures.
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Brittni
6 months ago
I remember we practiced a similar question on bank reconciliations, but I’m not sure about the exact calculations here.
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Glenn
6 months ago
This is a classic bank reconciliation problem. I've practiced these types of questions before, so I'm feeling confident. I'll work through it systematically and make sure I don't overlook any key information.
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Odette
6 months ago
Okay, I think I've got this. I'll start by reconciling the bank statement with the cash book, considering any outstanding checks or deposits. Then I'll calculate the correct cash book balance. Shouldn't be too tricky.
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Buddy
6 months ago
Hmm, I'm a bit unsure about this one. The exhibit has a lot of details, and I want to make sure I don't miss anything important. I'll take my time and double-check my work.
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Joaquin
6 months ago
This looks like a straightforward bank reconciliation question. I'll carefully review the information provided and work through the steps to determine the correct cash book balance.
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Precious
11 months ago
If only the bank would just send me the correct balance to begin with, this would be a breeze. Oh well, time to put on my thinking cap and solve this puzzle.
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An
10 months ago
I agree, it's always a challenge to reconcile the bank statement with the cash book.
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Louis
10 months ago
I think the correct cash book balance is $42,870.
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Amos
10 months ago
I know, it would be so much easier if the bank got it right the first time.
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Johnson
11 months ago
Bank reconciliations? More like bank-ruption, am I right? Just kidding, I've got this. Time to put on my forensic accountant hat and get to the bottom of this.
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Benedict
11 months ago
Hmm, let me pull out my trusty calculator and work through this step-by-step. Ah, I see the issue now - that pesky outstanding check is throwing off the balance. I'll nail this one!
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Viola
10 months ago
User 3: Let me double-check my calculations, I also got option B) $41,960.
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Tamala
10 months ago
User 2: Are you sure? I calculated it differently and got option C) $44,610.
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Adolph
10 months ago
User 1: I think I got the answer, it's option B) $41,960.
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Natalie
10 months ago
Cherelle: $42,870.
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Cherelle
11 months ago
User 2: What did you come up with?
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Leota
11 months ago
User 1: I think I got the correct cash book balance.
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Annice
12 months ago
Ugh, I hate these bank reconciliation questions. They always make me second-guess myself. I'm just going to go with my gut and hope for the best.
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Rueben
10 months ago
I always feel relieved when I get the correct balance in the end.
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Arthur
10 months ago
I agree, it's better to be safe than sorry.
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Diane
11 months ago
I think it's important to double-check your work to be sure.
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Jesusita
11 months ago
I know what you mean, bank reconciliations can be tricky.
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Gennie
12 months ago
This seems like a straightforward bank reconciliation question. I'll need to carefully reconcile the cash book balance with the bank statement to determine the correct month-end balance.
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Timmy
11 months ago
I agree, it looks like the answer is A) $42,870.
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Sharita
11 months ago
I think the correct cash book balance is $42,870.
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Nadine
1 year ago
I agree with Hollis, the correct balance should be $41,960 after considering the outstanding checks.
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Hollis
1 year ago
I disagree, I believe it will be $41,960 because of the outstanding checks.
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Arletta
1 year ago
I think the correct cash book balance will be $42,870.
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